MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Stock Short Interest Report for September

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 12,171 shares. Based on an average daily volume of 5,314 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.2% of the company’s stock are sold short.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

Shares of NYSEARCA:FNGO traded down $7.68 during trading on Wednesday, hitting $157.50. 12,133 shares of the company were exchanged, compared to its average volume of 8,276. The firm’s 50 day moving average price is $153.87 and its 200-day moving average price is $135.11. MicroSectors FANG+ Index 2X Leveraged ETN has a 12-month low of $79.06 and a 12-month high of $166.64. The stock has a market capitalization of $787.50 million, a P/E ratio of 38.58 and a beta of 2.68.

About MicroSectors FANG+ Index 2X Leveraged ETN

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.