MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Down 1.9% – What’s Next?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report)’s share price fell 1.9% on Tuesday . The company traded as low as $147.09 and last traded at $149.22. 5,514 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 9,032 shares. The stock had previously closed at $152.17.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Down 1.9%

The business’s 50 day simple moving average is $137.75 and its two-hundred day simple moving average is $122.41. The stock has a market cap of $746.10 million, a P/E ratio of 38.58 and a beta of 2.66.

About MicroSectors FANG+ Index 2X Leveraged ETN

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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.

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