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

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $96.14, but opened at $100.05. MicroSectors FANG+ Index 2X Leveraged ETN shares last traded at $100.99, with a volume of 5,342 shares traded.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Up 6.1 %

The company has a market capitalization of $74.42 billion, a PE ratio of 92.44 and a beta of 3.35. The firm’s 50 day simple moving average is $91.08 and its 200 day simple moving average is $78.46.

About MicroSectors FANG+ Index 2X Leveraged ETN

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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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