MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD)
MicroSectors FANG+ Index -3X Inverse Leveraged ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $27.63, up 1.81% on the session, giving a market capitalisation of $1.80B. Its beta of -3.56 implies it has historically moved less than the broad market.
The FNGD MicroSectors FANG+ Index -3X Inverse Leveraged ETN is designed as a highly specialized, short-term trading instrument. It is intended solely for sophisticated investors who wish to implement daily tactical strategies, such as hedging against market upturns or seeking to profit from downward movements, as a component within a broader, diversified portfolio. The ETN tracks an underlying index that applies an equal-dollar weighting to a select group of actively traded, growth-oriented companies from the technology and consumer discretionary sectors, encompassing both dedicated technology firms and businesses significantly enabled by technology.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN is most often compared with the following Financial Services names: