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

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $34.40, but opened at $31.99. MicroSectors FANG+ 3X Leveraged ETN shares last traded at $31.4250, with a volume of 1,473,483 shares changing hands.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

The stock has a market capitalization of $2.58 billion, a P/E ratio of 37.17 and a beta of 5.66. The business has a 50 day simple moving average of $24.62 and a 200-day simple moving average of $23.81.

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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