MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Down 1.5% – Should You Sell?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) traded down 1.5% during mid-day trading on Wednesday . The stock traded as low as $106.28 and last traded at $109.48. 19,641 shares traded hands during trading, a decline of 30% from the average session volume of 28,159 shares. The stock had previously closed at $111.12.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Performance

The company has a market cap of $547.40 million, a PE ratio of 38.58 and a beta of 2.54. The firm’s 50 day moving average is $108.53 and its 200-day moving average is $91.40.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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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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