Short Interest in MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Declines By 99.8%

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1 shares, a decrease of 99.8% from the July 15th total of 663 shares. Based on an average daily volume of 3,150 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

Shares of NYSEARCA:FNGO traded down $2.92 during trading on Tuesday, hitting $150.38. The company had a trading volume of 2,843 shares, compared to its average volume of 9,383. The stock has a market cap of $751.90 million, a price-to-earnings ratio of 38.58 and a beta of 2.66. The company has a fifty day simple moving average of $133.06 and a two-hundred day simple moving average of $117.88. MicroSectors FANG+ Index 2X Leveraged ETN has a one year low of $79.06 and a one year high of $157.50.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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.