MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – Should You Sell?

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $28.47, but opened at $25.78. MicroSectors FANG+ 3X Leveraged ETN shares last traded at $26.2360, with a volume of 1,002,627 shares trading hands.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

The stock’s 50 day simple moving average is $28.56 and its two-hundred day simple moving average is $23.71. The firm has a market capitalization of $2.12 billion, a PE ratio of 37.17 and a beta of 6.42.

About MicroSectors FANG+ 3X Leveraged ETN

(Get Free Report)

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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