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

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1 shares, a decrease of 99.8% from the July 15th total of 663 shares. Based on an average trading volume of 3,150 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

FNGO stock traded down $1.50 during trading on Wednesday, reaching $148.88. 7,209 shares of the company were exchanged, compared to its average volume of 9,358. The company has a market capitalization of $744.40 million, a price-to-earnings ratio of 38.58 and a beta of 2.66. MicroSectors FANG+ Index 2X Leveraged ETN has a twelve month low of $79.06 and a twelve month high of $157.50. The company has a 50-day moving average of $133.06 and a two-hundred day moving average of $117.88.

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.