MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Stock Breaks Below 200-Day Moving Average – Here’s Why

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $128.21 and traded as low as $125.36. MicroSectors FANG+ Index 2X Leveraged ETN shares last traded at $127.05, with a volume of 1,576 shares.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Down 1.1%

The firm has a market cap of $635.25 million, a P/E ratio of 22.09 and a beta of 2.70. The stock’s 50-day simple moving average is $150.29 and its 200 day simple moving average is $128.21.

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.