MicroSectors™ FANG+™ Index -3X Inverse Leveraged ETN (FNGD)
| 9.83 BATS BZX Real-Time Price As of 1:15pm ET |  -0.18 / -1.80%Today’s Change | 7.26 Today|||52-Week Range 88.52 | -83.37% Year-to-Date |
Investment Objective
The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+™ Index, total return (the “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.
Latest FNGD News
| 5 Best Leveraged ETFs of the First Nine Months 10:10am / Zacks.com - Paid Partner Content | Best Leveraged ETF Areas of Last Week Sep 18 / Zacks.com - Paid Partner Content |
| The Zacks Analyst Blog Highlights WGMI, FNGS, TSLY, SFYF and FBCG Sep 21 / Zacks.com - Paid Partner Content | Deutsche Bank (DB) Launches DBIP, Enhances Private Credit Sep 13 / Zacks.com - Paid Partner Content |
| 5 ETFs That Are Up More Than 40% So Far This Year Sep 20 / Zacks.com - Paid Partner Content | Best Inverse/Leveraged ETFs of Last Week Sep 12 / Zacks.com - Paid Partner Content |
Performance
| 1 month | +4.74% | 3 years | -62.84% | |
| 3 months | +9.89% | 5 years | -71.66% | |
| 1 year | -82.66% | Since inception | -70.44% |
Data through 09/23/2023
Quote Details
| Previous close | $10.01 |
| Open day’s range | 9.79 – 10.27 |
| Net asset value (NAV) | 10.03 (09/22/2023) |
| Daily volume | 6,866,172 |
| Average volume (3 months) | 9,357,191 |
Data as of 1:15pm ET, 09/25/2023
Peer Comparisonvs. Trading--inverse equity ETFs
| FNGD | Category | |
|---|---|---|
| Performance 5-yr return | -71.66% | -29.79% |
| Expense Gross exp ratio | 0.95% | -- |
| Risk 5 year sharpe ratio | -1.12 | -- |
| Net assets | $206.9M | -- |
| Average market cap | $480.5B | $101.6B |
| Average P/E | 31.3 | 12.4 |
| Dividend / Share | -- | 32.88% |
Competitors
Holdings
Top 5 SectorsPortfolio weighting
| Business service | -- |
| Consumer goods | -- |
| Consumer service | -- |
| Energy | -- |
| Financial service | -- |
Top 10 HoldingsPortfolio weighting
| META Facebook | 12.53% |
| TSLA Tesla | 11.71% |
| NVDA NVIDIA Corp | 10.66% |
| AMD Advanced Micro Devices Inc | 10.03% |
| NFLX Netflix | 9.65% |
| AAPL Apple | 9.39% |
| AMZN Amazon | 9.35% |
| SNOW Snowflake Inc. | 9.10% |
| MSFT Microsoft | 8.84% |
| GOOGL Google | 8.74% |