MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Gap Down – Here’s What Happened

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $128.48, but opened at $122.46. MicroSectors FANG+ Index 2X Leveraged ETN shares last traded at $123.7740, with a volume of 439 shares traded.

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

The firm’s 50 day simple moving average is $123.06 and its 200-day simple moving average is $113.92. The company has a market capitalization of $615.28 million, a PE ratio of 38.58 and a beta of 2.64.

About MicroSectors FANG+ Index 2X Leveraged ETN

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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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