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

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 7 shares, a drop of 98.9% from the April 30th total of 612 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 9,566 shares, the short-interest ratio is currently 0.0 days.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

NYSEARCA:FNGO traded up $2.08 during trading hours on Wednesday, reaching $142.85. 5,075 shares of the company were exchanged, compared to its average volume of 11,286. The firm has a market cap of $714.25 million, a price-to-earnings ratio of 38.58 and a beta of 2.60. MicroSectors FANG+ Index 2X Leveraged ETN has a 52-week low of $79.06 and a 52-week high of $143.23. The stock has a 50 day simple moving average of $112.99 and a 200 day simple moving average of $112.86.

About MicroSectors FANG+ Index 2X Leveraged ETN

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.