MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Up 2.1% – Still a Buy?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report)’s stock price shot up 2.1% on Friday . The stock traded as high as $75.63 and last traded at $74.84. 31,341 shares changed hands during trading, an increase of 10% from the average session volume of 28,440 shares. The stock had previously closed at $73.29.

MicroSectors FANG+ Index 2X Leveraged ETN Trading Up 2.1 %

The stock has a market capitalization of $54.58 billion, a PE ratio of 92.44 and a beta of 3.35. The stock’s fifty day simple moving average is $71.07 and its 200-day simple moving average is $68.07.

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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