MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Trading Down 2.6% – Here’s Why

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report)’s stock price was down 2.6% during mid-day trading on Monday . The company traded as low as $27.68 and last traded at $27.90. 4,478,053 shares were traded during trading, a decline of 30% from the average daily volume of 6,364,563 shares. The stock had previously closed at $28.64.

MicroSectors FANG+ 3X Leveraged ETN Trading Up 2.3%

The stock has a market cap of $2.37 billion, a P/E ratio of 37.17 and a beta of 6.53. The stock has a 50 day simple moving average of $28.54 and a 200 day simple moving average of $23.66.

About MicroSectors FANG+ 3X Leveraged ETN

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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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