MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – Here’s Why

Shares of MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $34.40, but opened at $31.99. MicroSectors FANG+ 3X Leveraged ETN shares last traded at $31.4250, with a volume of 1,473,483 shares traded.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

The firm has a market capitalization of $2.16 billion, a PE ratio of 37.17 and a beta of 5.82. The company has a fifty day simple moving average of $25.12 and a two-hundred day simple moving average of $23.86.

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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