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

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO – Get Free Report)’s share price gapped down before the market opened on Friday. The stock had previously closed at $152.63, but opened at $141.54. MicroSectors FANG+ Index 2X Leveraged ETN shares last traded at $143.7940, with a volume of 704 shares changing hands.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Up 0.2%

The firm has a market capitalization of $718 million, a P/E ratio of 38.58 and a beta of 2.68. The firm has a 50 day moving average price of $154.04 and a 200-day moving average price of $138.34.

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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