MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Down 52.1% in January

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 4,222 shares, a drop of 52.1% from the December 31st total of 8,809 shares. Based on an average trading volume of 8,848 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 8,848 shares, the short-interest ratio is currently 0.5 days.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Performance

Shares of FNGO opened at $112.82 on Thursday. MicroSectors FANG+ Index 2X Leveraged ETN has a fifty-two week low of $48.67 and a fifty-two week high of $140.87. The firm has a market cap of $564.10 million, a price-to-earnings ratio of 38.58 and a beta of 2.36. The firm has a 50 day moving average price of $119.14 and a 200-day moving average price of $120.27.

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.