MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Gap Down – Here’s Why

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $122.19, but opened at $116.15. MicroSectors FANG+ Index 2X Leveraged ETN shares last traded at $116.2910, with a volume of 873 shares changing hands.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

The firm has a market cap of $582.57 million, a P/E ratio of 38.58 and a beta of 2.36. The company has a fifty day moving average of $127.93 and a 200-day moving average of $117.65.

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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