Short Interest in MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Declines By 50.2%

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 4,024,058 shares, a decrease of 50.2% from the April 30th total of 8,076,228 shares. Based on an average daily volume of 6,672,832 shares, the short-interest ratio is presently 0.6 days. Approximately 5.0% of the company’s shares are short sold.

MicroSectors FANG+ 3X Leveraged ETN Price Performance

FNGU stock traded up $1.39 on Monday, hitting $36.15. 7,642,001 shares of the company were exchanged, compared to its average volume of 6,530,769. MicroSectors FANG+ 3X Leveraged ETN has a twelve month low of $13.48 and a twelve month high of $36.78. The business’s fifty day moving average is $23.92 and its two-hundred day moving average is $23.74. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 37.17 and a beta of 5.66.

About MicroSectors FANG+ 3X Leveraged ETN

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.