MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Sees Unusually-High Trading Volume – Here’s Why

Shares of MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 23,877 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 28,127 shares.The stock last traded at $100.86 and had previously closed at $103.75.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

The firm has a fifty day moving average of $83.08 and a two-hundred day moving average of $74.64. The stock has a market capitalization of $67.82 billion, a P/E ratio of 92.44 and a beta of 3.35.

About MicroSectors FANG+ Index 2X Leveraged ETN

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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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