MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Trading Down 2.9% – Time to Sell?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) shares traded down 2.9% on Wednesday . The company traded as low as $81.64 and last traded at $81.64. 12,813 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 28,156 shares. The stock had previously closed at $84.05.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Down 3.0 %

The stock has a market cap of $59.43 billion, a price-to-earnings ratio of 92.44 and a beta of 3.35. The stock’s 50 day moving average is $76.62 and its two-hundred day moving average is $71.49.

About MicroSectors FANG+ Index 2X Leveraged ETN

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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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