MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Down 62.5% in July

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 663 shares, a decrease of 62.5% from the June 30th total of 1,767 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,094 shares, the days-to-cover ratio is presently 0.2 days.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

NYSEARCA FNGO traded down $1.69 during trading hours on Tuesday, reaching $123.78. 7,086 shares of the company’s stock traded hands, compared to its average volume of 9,408. MicroSectors FANG+ Index 2X Leveraged ETN has a 52-week low of $79.06 and a 52-week high of $157.50. The firm has a market cap of $618.90 million, a PE ratio of 38.58 and a beta of 2.65. The firm has a 50-day simple moving average of $133.22 and a 200 day simple moving average of $115.82.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

The MicroSectors FANG+ Index 2X Leveraged ETNs (FNGO) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund provides 2x the daily price movements of an index of US-listed technology and consumer discretionary companies. The index is highly concentrated and equally weighted. FNGO was launched on Aug 6, 2018 and is issued by REX Microsectors.