MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 267,235 shares, an increase of 135.7% from the April 15th total of 113,385 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 477,491 shares, the short-interest ratio is presently 0.6 days.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Trading Up 5.6%
Shares of FNGD stock traded up $1.99 on Friday, reaching $37.44. 367,994 shares of the stock were exchanged, compared to its average volume of 1,545,159. The business’s 50 day moving average price is $56.31 and its 200 day moving average price is $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. The company has a market capitalization of $561.60 million, a price-to-earnings ratio of 20.31 and a beta of -3.63.
Institutional Investors Weigh In On MicroSectors FANG+ Index -3X Inverse Leveraged ETN
A hedge fund recently bought a new stake in MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock. JPMorgan Chase & Co. purchased a new position in shares of MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,531 shares of the company’s stock, valued at approximately $54,000. JPMorgan Chase & Co. owned approximately 3.01% of MicroSectors FANG+ Index -3X Inverse Leveraged ETN at the end of the most recent reporting period.
About MicroSectors FANG+ Index -3X Inverse Leveraged ETN
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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