Shares of MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU – Get Free Report) were down 15% on Friday . The company traded as low as $26.72 and last traded at $27.3330. Approximately 8,274,241 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 6,497,164 shares. The stock had previously closed at $32.16.
MicroSectors FANG+ 3X Leveraged ETN Trading Down 16.1%
The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 37.17 and a beta of 5.82. The company has a fifty day moving average of $24.92 and a two-hundred day moving average of $23.83.
MicroSectors FANG+ 3X Leveraged ETN Company Profile
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.
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