MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Short Interest Update

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 12,251,842 shares, a decrease of 19.0% from the January 29th total of 15,127,203 shares. Currently, 306.3% of the shares of the company are short sold. Based on an average daily trading volume, of 7,320,224 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 7,320,224 shares, the short-interest ratio is presently 1.7 days. Currently, 306.3% of the shares of the company are short sold.

MicroSectors FANG+ 3X Leveraged ETN Stock Up 4.7%

Shares of FNGU stock traded up $0.89 during trading on Wednesday, reaching $19.89. 8,335,576 shares of the company’s stock were exchanged, compared to its average volume of 6,596,346. MicroSectors FANG+ 3X Leveraged ETN has a twelve month low of $7.95 and a twelve month high of $34.14. The firm’s fifty day moving average price is $21.80 and its 200-day moving average price is $26.18. The stock has a market capitalization of $79.56 million, a PE ratio of 37.17 and a beta of 4.68.

About MicroSectors FANG+ 3X Leveraged ETN

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.