MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Sees Significant Decrease in Short Interest

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 1 shares, a drop of 99.2% from the January 29th total of 125 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 14,723 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 14,723 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

NYSEARCA:FNGO traded up $4.33 during trading hours on Wednesday, reaching $96.70. The company’s stock had a trading volume of 13,577 shares, compared to its average volume of 13,512. The company has a market cap of $483.50 million, a price-to-earnings ratio of 38.58 and a beta of 2.36. MicroSectors FANG+ Index 2X Leveraged ETN has a one year low of $48.67 and a one year high of $140.87. The business’s 50-day moving average is $108.37 and its 200-day moving average is $118.60.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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.