MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – Here’s Why

Shares of MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $33.18, but opened at $31.55. MicroSectors FANG+ 3X Leveraged ETN shares last traded at $32.2620, with a volume of 2,301,283 shares traded.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

The firm’s 50 day moving average price is $28.82 and its two-hundred day moving average price is $25.21. The firm has a market cap of $2.62 billion, a PE ratio of 37.17 and a beta of 5.83.

About MicroSectors FANG+ 3X Leveraged ETN

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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.

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