MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Trading Up 10.6% – Still a Buy?

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report)’s stock price traded up 10.6% during mid-day trading on Tuesday . The stock traded as high as $31.82 and last traded at $31.8810. Approximately 2,455,637 shares traded 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 business has a 50-day simple moving average of $27.94 and a 200 day simple moving average of $23.89. The firm has a market cap of $2.57 billion, a PE ratio of 37.17 and a beta of 5.83.

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.

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