MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 267,235 shares, a growth of 135.7% from the April 15th total of 113,385 shares. Based on an average trading volume of 477,491 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.8% of the company’s stock are short sold.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Trading Up 5.6%
NYSEARCA:FNGD traded up $1.99 during midday trading on Friday, hitting $37.44. 367,994 shares of the company were exchanged, compared to its average volume of 1,545,159. The company has a fifty day simple moving average of $56.31 and a 200 day simple moving average of $54.99. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a fifty-two week low of $35.03 and a fifty-two week high of $91.99. The company has a market capitalization of $561.60 million, a PE ratio of 20.31 and a beta of -3.63.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock. JPMorgan Chase & Co. acquired 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 Form 13F filing with the SEC. The firm acquired 10,531 shares of the company’s stock, valued at approximately $54,000. JPMorgan Chase & Co. owned about 3.01% of MicroSectors FANG+ Index -3X Inverse Leveraged ETN as of its most recent filing with the SEC.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Company Profile
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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