MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Update

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 35,500 shares, a decline of 33.1% from the September 30th total of 53,100 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,300 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 16,300 shares, the short-interest ratio is currently 2.2 days. Currently, 0.7% of the shares of the stock are sold short.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Down 3.3%

Shares of NYSEARCA:FNGO traded down $4.51 on Tuesday, hitting $132.32. The company had a trading volume of 18,788 shares, compared to its average volume of 24,859. The company has a market cap of $661.58 million, a PE ratio of 38.58 and a beta of 2.36. MicroSectors FANG+ Index 2X Leveraged ETN has a 52-week low of $48.67 and a 52-week high of $140.87. The business has a 50 day moving average of $124.98 and a 200 day moving average of $108.17.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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.