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

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) shares saw strong trading volume on Wednesday . 17,882 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 9,781 shares.The stock last traded at $106.7490 and had previously closed at $105.49.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Up 2.0%

The company has a 50-day moving average of $119.71 and a 200-day moving average of $120.10. The firm has a market capitalization of $549.05 million, a price-to-earnings ratio of 38.58 and a beta of 2.36.

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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