MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Down 3.9% – Should You Sell?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report)’s stock price fell 3.9% during mid-day trading on Tuesday . The company traded as low as $131.08 and last traded at $131.55. 24,753 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 24,888 shares. The stock had previously closed at $136.82.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Down 3.9%

The firm has a market cap of $657.75 million, a price-to-earnings ratio of 38.58 and a beta of 2.36. The stock has a fifty day moving average price of $125.37 and a 200-day moving average price of $108.66.

About MicroSectors FANG+ Index 2X Leveraged ETN

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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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