MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Gap Down – Time to Sell?

Shares of MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $94.99, but opened at $90.95. MicroSectors FANG+ Index 2X Leveraged ETN shares last traded at $92.50, with a volume of 5,233 shares trading hands.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Up 0.0 %

The firm has a market capitalization of $69.28 billion, a P/E ratio of 92.44 and a beta of 3.35. The business’s 50 day simple moving average is $83.83 and its two-hundred day simple moving average is $75.10.

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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