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

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 8,809 shares, a drop of 64.7% from the December 15th total of 24,977 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 9,284 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 9,284 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the stock are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Down 0.0%

Shares of FNGO opened at $116.73 on Tuesday. MicroSectors FANG+ Index 2X Leveraged ETN has a 52-week low of $48.67 and a 52-week high of $140.87. The stock has a market cap of $583.65 million, a PE ratio of 38.58 and a beta of 2.36. The firm’s fifty day moving average is $123.27 and its two-hundred day moving average is $120.19.

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.