MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Trading Up 1.7% – Here’s Why

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report)’s stock price was up 1.7% on Tuesday . The stock traded as high as $31.78 and last traded at $31.21. Approximately 4,103,404 shares were traded during mid-day trading, a decline of 30% from the average session volume of 5,903,988 shares. The stock had previously closed at $30.69.

MicroSectors FANG+ 3X Leveraged ETN Trading Up 1.7%

The firm has a market capitalization of $2.50 billion, a P/E ratio of 37.17 and a beta of 5.83. The company’s fifty day simple moving average is $28.45 and its 200 day simple moving average is $24.83.

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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