MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Up 9.2% – Here’s What Happened

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report)’s share price was up 9.2% during trading on Monday . The stock traded as high as $36.02 and last traded at $36.0220. Approximately 3,241,339 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 5,644,237 shares. The stock had previously closed at $32.98.

MicroSectors FANG+ 3X Leveraged ETN Trading Up 9.2%

The business has a 50 day simple moving average of $30.55 and a 200-day simple moving average of $26.61. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 37.17 and a beta of 5.93.

About MicroSectors FANG+ 3X Leveraged ETN

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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.

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