FNGU Stock Summary and Trading Ideas (Microsectors Fang Index 3X Leveraged ETN | ARCA:FNGU)

The BMO REX MicroSectors FANG+ Index 3x Leveraged ETN is linked to the performance of the NYSE FANG+ Index. The ETN offers investors the total return of the NYSE FANG+ Index on a daily compounded 3x leveraged basis, before taking into account fees. The NYSE FANG+ index includes 10 highly liquid stocks that represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. The index s underlying composition is equally weighted across all stocks, providing a performance benchmark that allows for a more value-driven approach to investing.

Microsectors Fang Index 3X Leveraged ETN trades on the ARCA stock market under the symbol FNGU.

As of April 24, 2024, FNGU stock price climbed to $286.57 with 1,377,004 million shares trading.

FNGU has a beta of 4.41, meaning it tends to be more sensitive to market movements. FNGU has a correlation of 0.64 to the broad based SPY ETF.

FNGU has a market cap of $3.73 billion. This is considered a Mid Cap stock.

In the last 3 years, FNGU stock traded as high as $500.50 and as low as $36.64.

FNGU has outperformed the market in the last year with a return of +217.3%, while the SPY ETF gained +24.2%. In the last 3 month period, FNGU beat the market returning +10.2%, while SPY returned +4.6%. However, in the most recent 2 weeks FNGU has underperformed the stock market by returning -13.7%, while SPY returned -2.7%.

FNGU support price is $267.08 and resistance is $293.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FNGU stock will trade within this expected range on the day.