MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Trading Down 2.2% – Should You Sell?

Shares of MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) fell 2.2% during mid-day trading on Monday . The company traded as low as $27.65 and last traded at $28.34. 4,853,404 shares were traded during mid-day trading, a decline of 2% from the average session volume of 4,949,716 shares. The stock had previously closed at $28.99.

MicroSectors FANG+ 3X Leveraged ETN Stock Down 2.2%

The firm has a market cap of $113.36 million, a P/E ratio of 37.17 and a beta of 4.68. The business has a fifty day moving average of $29.86 and a 200 day moving average of $133.01.

MicroSectors FANG+ 3X Leveraged ETN Company Profile

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The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.

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