Short Interest in MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Decreases By 99.2%

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 1 shares, a drop of 99.2% from the January 29th total of 125 shares. Based on an average daily trading volume, of 14,723 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 14,723 shares, the days-to-cover ratio is currently 0.0 days.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Down 1.0%

Shares of FNGO stock traded down $1.00 on Thursday, hitting $95.70. 2,812 shares of the stock were exchanged, compared to its average volume of 13,224. The firm’s 50 day moving average is $108.37 and its two-hundred day moving average is $118.60. MicroSectors FANG+ Index 2X Leveraged ETN has a one year low of $48.67 and a one year high of $140.87. The firm has a market capitalization of $478.52 million, a PE ratio of 38.58 and a beta of 2.36.

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.