MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Sees Significant Decrease in Short Interest

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 1 shares, a decline of 99.2% from the January 29th total of 125 shares. Based on an average daily trading volume, of 14,723 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 14,723 shares, the days-to-cover ratio is presently 0.0 days.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

Shares of MicroSectors FANG+ Index 2X Leveraged ETN stock traded up $4.33 during midday trading on Wednesday, hitting $96.70. The company had a trading volume of 13,577 shares, compared to its average volume of 13,512. MicroSectors FANG+ Index 2X Leveraged ETN has a 1-year low of $48.67 and a 1-year high of $140.87. The business’s 50 day simple moving average is $108.37 and its two-hundred day simple moving average is $118.60. The stock has a market cap of $483.50 million, a PE ratio of 38.58 and a beta of 2.36.

About MicroSectors FANG+ Index 2X Leveraged ETN

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.