MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – What’s Next?

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $28.47, but opened at $25.78. MicroSectors FANG+ 3X Leveraged ETN shares last traded at $26.2360, with a volume of 1,002,627 shares.

MicroSectors FANG+ 3X Leveraged ETN Price Performance

The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 37.17 and a beta of 6.53. The firm’s fifty day moving average is $28.61 and its 200-day moving average is $23.69.

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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