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

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 663 shares, a decline of 62.5% from the June 30th total of 1,767 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,094 shares, the days-to-cover ratio is currently 0.2 days.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Up 0.4%

Shares of NYSEARCA FNGO opened at $124.23 on Wednesday. The stock has a market cap of $621.14 million, a PE ratio of 38.58 and a beta of 2.65. MicroSectors FANG+ Index 2X Leveraged ETN has a 12-month low of $79.06 and a 12-month high of $157.50. The company has a 50-day moving average of $133.22 and a 200 day moving average of $115.82.

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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