MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Trading Up 9.2% – Should You Buy?

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) shares rose 9.2% during mid-day trading on Monday . The company traded as high as $36.02 and last traded at $36.0220. Approximately 3,241,339 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 5,644,237 shares. The stock had previously closed at $32.98.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

The company has a market capitalization of $2.88 billion, a PE ratio of 37.17 and a beta of 5.93. The stock’s fifty day simple moving average is $30.55 and its 200-day simple moving average is $26.61.

MicroSectors FANG+ 3X Leveraged ETN Company Profile

(Get Free Report)

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.

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