On June 15, MicroSectors 3x Long FANG+ Index ETN (FNGU) rose 8.34% in pre-market trading, trading at $28.7/share, with turnover of approximately $187,700.
The ETN provides triple-leveraged daily exposure to the NYSE FANG+ Index. The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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