MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Trading Down 7.6% – Time to Sell?

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) was down 7.6% on Monday . The company traded as low as $27.19 and last traded at $27.1240. 2,338,890 shares were traded during trading, a decline of 64% from the average session volume of 6,465,085 shares. The stock had previously closed at $29.36.

MicroSectors FANG+ 3X Leveraged ETN Stock Down 7.8%

The firm has a 50 day simple moving average of $27.44 and a 200-day simple moving average of $23.79. The stock has a market cap of $2.17 billion, a P/E ratio of 37.17 and a beta of 6.14.

MicroSectors FANG+ 3X Leveraged ETN Company Profile

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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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