Large Cap Growth Index-Linked ETN due 2028 (NYSEARCA:FRLG) Trading 5% Higher – Still a Buy?

Large Cap Growth Index-Linked ETN due 2028 (NYSEARCA:FRLG)’s stock price rose 5% on Monday . The stock traded as high as $300.82 and last traded at $300.82. Approximately 400 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 644 shares. The stock had previously closed at $286.50.

Large Cap Growth Index-Linked ETN due 2028 Stock Performance

The firm’s 50 day simple moving average is $300.82 and its 200 day simple moving average is $300.82.

About Large Cap Growth Index-Linked ETN due 2028

The investment seeks to replicate, net of expenses, the Claymore CEF Index. The index measures the performance of a basket of closed-end funds selected and weighted based on a predefined set of criteria such as liquidity, distributions and market valuation, among other factors.