MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD)
Assets | $126.41M |
Expense Ratio | 0.95% |
PE Ratio | 18.74 |
Shares Out | 5.00M |
Dividend (ttm) | n/a |
Dividend Yield | n/a |
Ex-Dividend Date | n/a |
Payout Ratio | n/a |
1-Year Return | -76.26% |
Volume | 3,035,173 |
Open | 16.38 |
Previous Close | 16.54 |
Day's Range | 16.38 - 17.29 |
52-Week Low | 15.63 |
52-Week High | 74.70 |
Beta | -2.87 |
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 |
---|---|---|
Meta Platforms, Inc. | META | 12.53% |
Tesla, Inc. | TSLA | 11.71% |
NVIDIA Corporation | NVDA | 10.66% |
Advanced Micro Devices, Inc. | AMD | 10.03% |
Netflix, Inc. | NFLX | 9.65% |
Apple Inc. | AAPL | 9.39% |
Amazon.com, Inc. | AMZN | 9.35% |
Snowflake Inc. | SNOW | 9.10% |
Microsoft Corporation | MSFT | 8.84% |
Alphabet Inc. | GOOGL | 8.74% |
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.
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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.