MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – Here’s What Happened

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $33.18, but opened at $31.55. MicroSectors FANG+ 3X Leveraged ETN shares last traded at $32.2620, with a volume of 2,301,283 shares trading hands.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

The business has a 50-day moving average of $28.82 and a 200-day moving average of $25.21. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 37.17 and a beta of 5.83.

About MicroSectors FANG+ 3X Leveraged ETN

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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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