MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Sees Large Volume Increase – Time to Buy?

Shares of MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) saw strong trading volume on Friday . 9,027 shares were traded during mid-day trading, a decline of 41% from the previous session’s volume of 15,340 shares.The stock last traded at $95.54 and had previously closed at $92.42.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Up 3.8 %

The firm has a 50 day moving average of $88.00 and a 200 day moving average of $77.03. The firm has a market cap of $69.99 billion, a PE ratio of 92.44 and a beta of 3.35.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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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.

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