MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD)
Assets | $126.41M |
Expense Ratio | 0.95% |
PE Ratio | 14.80 |
Shares Out | 8.00M |
Dividend (ttm) | n/a |
Dividend Yield | n/a |
Ex-Dividend Date | n/a |
Payout Ratio | n/a |
1-Year Return | -76.95% |
Volume | 6,443,876 |
Open | 13.93 |
Previous Close | 13.58 |
Day's Range | 12.61 - 14.05 |
52-Week Low | 11.71 |
52-Week High | 65.80 |
Beta | -2.85 |
Holdings | 10 |
Inception Date | Jan 25, 2018 |
About FNGD
Fund Home PageThe MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded note that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.
Top 10 Holdings
100.00% of assetsName | Symbol | Weight |
---|---|---|
CrowdStrike Holdings, Inc. | CRWD | 10.78% |
Broadcom Inc. | AVGO | 10.17% |
ServiceNow, Inc. | NOW | 10.11% |
Meta Platforms, Inc. | META | 10.02% |
Apple Inc. | AAPL | 9.93% |
Amazon.com, Inc. | AMZN | 9.87% |
Alphabet Inc. | GOOGL | 9.83% |
NVIDIA Corporation | NVDA | 9.83% |
Netflix, Inc. | NFLX | 9.75% |
Microsoft Corporation | MSFT | 9.70% |
News
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February 21st triggered the first negative market signal in 2023 and the largest negative signal since August 2022. The last time the Momentum Gauges® turned negative from the highest peak positive le...
FNGD: Fade The Bear Market Rally
FNGD is an exchange traded note which provides -3x the return of the FANG+ Index. The Index is up north of 7% in the past five trading days, exhibiting the traits of yet another bear market rally.
FNGD: Take Advantage Of Tech Headwinds
FNGD is an exchange traded note which provides -3x the return of the FANG+ Index. On the back of inflated valuations and rising rates, we will see increased volatility in mega cap technology names.
More FANG MicroSectors ETNs Debut
The two notes aim to provide 3x returns on a modified FANG index.
Week 29 MDA Breakout Stocks - July 2021: Short-Term Stocks And Funds To Give You An Edge
Two new sample breakout stocks for Week 29 with better than 10% short-term upside potential. New ETF/ETN forecast section has been added. This past week the peak gains were in ATOS +26.6% and FUV +5.8...
FANG+ Index Trading At An All-Time High; Opportunity To Buy, Hold Or Sell?
Some of the largest U.S. listed tech stocks which comprise the NYSE® FANG+™ Index are trading around their all-time highs. Is this an opportunity to buy, hold or sell?
These Geared ETNs Bucking Trend
ETNs as a wrapper may be losing ground, but demand for MicroSectors' geared strategies is strong.
FANG+ Index Trading Below Its Recent High; Opportunity to Buy or Sell?
Some of the largest U.S. tech stocks in the NYSE® FANG+™ Index are trading below their recent highs.
MicroSectors FANG+ Index 3X Leveraged ETN, Upsized to $200 Million Aggregate Amount
NYSE® FANG+™ Index Components*:
It's Mid-August -- Markets Are Topping Out: It Could Be Worse Than A Bad Seasonal Bear Phase
This piece is a sequel to our July 20 Seeking Alpha article (It's Still July, So Equities Are Still Rallying; August-September Will Be Calamitous, However).
Bears Fawning For FANG With A Newly Upsized ETN
With the Nasdaq Composite seemingly racing to record highs on an almost daily basis, the FANG quartet of Facebook (NASDAQ: FB), Amazon.com (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) and Alphabet (NASDAQ: ...
Trading The FANG+ Index With The New FNGS ETN
Scott Acheychek explains the benefits of the NYSE FANG+ Index and how investors can take advantage of the FANG+ via FNGS.