Short Interest in MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Drops By 99.8%

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 1 shares, a drop of 99.8% from the July 15th total of 663 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,150 shares, the days-to-cover ratio is currently 0.0 days.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

FNGO stock opened at $148.52 on Thursday. MicroSectors FANG+ Index 2X Leveraged ETN has a 12 month low of $79.06 and a 12 month high of $157.50. The company has a market capitalization of $742.60 million, a P/E ratio of 38.58 and a beta of 2.66. The firm’s fifty day simple moving average is $133.01 and its 200-day simple moving average is $118.17.

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.