MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Stock Price Up 2.1% – Here’s What Happened

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) shares shot up 2.1% during mid-day trading on Friday . The company traded as high as $75.63 and last traded at $74.84. 31,341 shares changed hands during mid-day 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 Stock Up 2.1 %

The stock has a market capitalization of $54.58 billion, a price-to-earnings ratio of 92.44 and a beta of 3.35. The stock has a 50 day moving average price of $71.07 and a 200 day moving average price of $68.07.

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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