MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 267,235 shares, an increase of 135.7% from the April 15th total of 113,385 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily volume of 477,491 shares, the short-interest ratio is currently 0.6 days.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Price Performance
Shares of FNGD traded up $1.99 on Friday, reaching $37.44. 367,994 shares of the stock traded hands, compared to its average volume of 1,545,159. The firm has a market cap of $561.60 million, a price-to-earnings ratio of 20.31 and a beta of -3.63. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a 12 month low of $35.03 and a 12 month high of $91.99. The stock’s 50-day moving average price is $56.31 and its 200-day moving average price is $54.99.
Institutional Trading of MicroSectors FANG+ Index -3X Inverse Leveraged ETN
A hedge fund recently bought a new stake in MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock. Flow Traders U.S. LLC purchased a new stake in MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 57,984 shares of the company’s stock, valued at approximately $297,000. Flow Traders U.S. LLC owned approximately 16.57% of MicroSectors FANG+ Index -3X Inverse Leveraged ETN at the end of the most recent reporting period.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Company Profile
The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.
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