MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Down 98.9% in May

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 7 shares, a drop of 98.9% from the April 30th total of 612 shares. Based on an average daily volume of 9,566 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Up 2.1%

MicroSectors FANG+ Index 2X Leveraged ETN stock traded up $2.93 during midday trading on Thursday, reaching $145.78. The company’s stock had a trading volume of 2,775 shares, compared to its average volume of 11,201. MicroSectors FANG+ Index 2X Leveraged ETN has a 52 week low of $79.06 and a 52 week high of $146.06. The business has a 50-day moving average price of $112.99 and a 200-day moving average price of $112.86. The stock has a market cap of $728.90 million, a PE ratio of 38.58 and a beta of 2.60.

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.