MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Stock Price Down 5.8% – Here’s Why

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU)’s share price traded down 5.8% during mid-day trading on Tuesday . The company traded as low as $16.77 and last traded at $16.90. 6,924,469 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 6,273,559 shares. The stock had previously closed at $17.95.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

The stock has a market cap of $67.60 million, a PE ratio of 37.17 and a beta of 4.68. The stock’s 50-day moving average is $20.07 and its two-hundred day moving average is $25.57.

MicroSectors FANG+ 3X Leveraged ETN Company Profile

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.