MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Up 10.6% – Here’s What Happened

Shares of MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) were up 10.6% on Tuesday . The company traded as high as $31.82 and last traded at $31.8810. Approximately 2,455,637 shares changed hands during trading, a decline of 60% from the average session volume of 6,107,585 shares. The stock had previously closed at $28.83.

MicroSectors FANG+ 3X Leveraged ETN Price Performance

The firm has a fifty day simple moving average of $27.90 and a 200-day simple moving average of $23.77. The firm has a market cap of $2.63 billion, a P/E ratio of 37.17 and a beta of -5.67.

MicroSectors FANG+ 3X Leveraged ETN Company Profile

(Get Free Report)

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.

Further Reading

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