MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Trading Up 0.3% – Still a Buy?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report)’s share price rose 0.3% on Wednesday . The company traded as high as $129.91 and last traded at $128.30. Approximately 8,173 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 24,150 shares. The stock had previously closed at $127.93.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Up 0.3%

The business’s 50 day simple moving average is $127.64 and its two-hundred day simple moving average is $114.19. The stock has a market cap of $641.50 million, a P/E ratio of 38.58 and a beta of 2.36.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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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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