MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Trading Up 6.8% – Still a Buy?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report)’s share price traded up 6.8% during trading on Tuesday . The stock traded as high as $99.56 and last traded at $100.72. 27,797 shares traded hands during trading, an increase of 11% from the average session volume of 24,971 shares. The stock had previously closed at $94.31.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Down 1.1 %

The stock’s fifty day moving average price is $93.64 and its 200 day moving average price is $79.42. The stock has a market cap of $70.77 billion, a P/E ratio of 92.44 and a beta of 3.35.

About MicroSectors FANG+ Index 2X Leveraged ETN

(Get Free Report)

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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