MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Stock Short Interest Falls 93.9%

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 741 shares, a decline of 93.9% from the September 30th total of 12,171 shares. Based on an average daily volume of 3,965 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Up 0.7%

MicroSectors FANG+ Index 2X Leveraged ETN stock traded up $0.98 during mid-day trading on Monday, reaching $143.71. 3,754 shares of the company’s stock traded hands, compared to its average volume of 8,071. The company has a market cap of $718.55 million, a price-to-earnings ratio of 38.58 and a beta of 2.68. The stock has a 50 day moving average of $153.70 and a two-hundred day moving average of $127.12. MicroSectors FANG+ Index 2X Leveraged ETN has a 12-month low of $79.06 and a 12-month high of $166.64.

About MicroSectors FANG+ Index 2X Leveraged ETN

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.