MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Sets New 12-Month High – Here’s Why

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $95.77 and last traded at $91.29, with a volume of 15595 shares changing hands. The stock had previously closed at $93.09.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Performance

The stock’s 50-day simple moving average is $79.94 and its 200 day simple moving average is $73.25. The company has a market cap of $70.29 billion, a PE ratio of 92.44 and a beta of 3.35.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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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.

Further Reading

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