MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Sees Unusually-High Trading Volume – Still a Buy?

Shares of MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) saw strong trading volume on Friday . 19,387 shares traded hands during mid-day trading, a decline of 31% from the previous session’s volume of 28,180 shares.The stock last traded at $82.33 and had previously closed at $81.79.

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

The company’s 50-day simple moving average is $77.08 and its 200 day simple moving average is $71.63. The stock has a market capitalization of $60.83 billion, a price-to-earnings ratio of 92.44 and a beta of 3.35.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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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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