MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Update

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 9,680 shares, a growth of 6,716.9% from the March 31st total of 142 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 13,588 shares, the short-interest ratio is presently 0.7 days.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

FNGO stock opened at $119.66 on Friday. The stock has a market capitalization of $598.30 million, a P/E ratio of 38.58 and a beta of 2.51. The business has a 50-day moving average of $99.12 and a 200-day moving average of $112.83. MicroSectors FANG+ Index 2X Leveraged ETN has a fifty-two week low of $71.26 and a fifty-two week high of $140.87.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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.