MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) Stock Short Interest Report for October

MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 122,686 shares, a decline of 42.2% from the September 30th total of 212,353 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 327,054 shares, the short-interest ratio is currently 0.4 days.

MicroSectors FANG+ Index -3X Inverse Leveraged ETN Stock Performance

MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock traded up $1.47 during trading on Monday, hitting $32.46. The company’s stock had a trading volume of 1,164,522 shares, compared to its average volume of 952,695. The stock has a market capitalization of $486.90 million, a price-to-earnings ratio of 20.31 and a beta of -3.73. The stock’s fifty day moving average is $25.90 and its 200 day moving average is $42.34. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a 1-year low of $22.52 and a 1-year high of $87.38.

MicroSectors FANG+ Index -3X Inverse Leveraged ETN Company Profile

The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.