MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 267,235 shares, a growth of 135.7% from the April 15th total of 113,385 shares. Based on an average daily trading volume, of 477,491 shares, the short-interest ratio is currently 0.6 days. Currently, 1.8% of the shares of the stock are short sold.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Price Performance
Shares of NYSEARCA FNGD traded up $1.99 during mid-day trading on Friday, hitting $37.44. 367,994 shares of the stock traded hands, compared to its average volume of 1,545,159. The company has a market cap of $561.60 million, a PE ratio of 20.31 and a beta of -3.63. The firm has a 50 day simple moving average of $56.31 and a two-hundred day simple moving average of $54.99. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a twelve month low of $35.03 and a twelve month high of $91.99.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock. JPMorgan Chase & Co. bought a new stake in MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,531 shares of the company’s stock, valued at approximately $54,000. JPMorgan Chase & Co. owned 3.01% of MicroSectors FANG+ Index -3X Inverse Leveraged ETN as of its most recent SEC filing.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Company Profile
The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.
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