MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 12,171 shares. Based on an average daily volume of 5,314 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.2% of the shares of the company are short sold.
MicroSectors FANG+ Index 2X Leveraged ETN Trading Up 0.7%
Shares of NYSEARCA FNGO traded up $1.07 on Thursday, reaching $158.57. 2,850 shares of the company traded hands, compared to its average volume of 8,248. MicroSectors FANG+ Index 2X Leveraged ETN has a fifty-two week low of $79.06 and a fifty-two week high of $166.64. The company has a 50 day moving average of $154.26 and a 200 day moving average of $136.15. The stock has a market capitalization of $792.85 million, a PE ratio of 38.58 and a beta of 2.68.
About MicroSectors FANG+ Index 2X Leveraged ETN
The MicroSectors FANG+ Index 2X Leveraged ETNs (FNGO) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund provides 2x the daily price movements of an index of US-listed technology and consumer discretionary companies. The index is highly concentrated and equally weighted. FNGO was launched on Aug 6, 2018 and is issued by REX Microsectors.
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