MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Up 2.1% – Time to Buy?

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU – Get Free Report) shares were up 2.1% during mid-day trading on Tuesday. The company traded as high as $30.49 and last traded at $30.08. Approximately 1,546,891 shares were traded during trading, a decline of 71% from the average daily volume of 5,258,216 shares. The stock had previously closed at $29.47.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

The stock has a market cap of $2.29 billion, a P/E ratio of 37.17 and a beta of 5.79. The company’s 50 day moving average price is $33.19 and its 200-day moving average price is $26.64.

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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