MicroSectors™ FANG+™ Index -3X Inverse Leveraged ETN (FNGD)
| 32.26 Delayed Data As of Jan 27 |  -2.86 / -8.14%Today’s Change | 31.33 Today|||52-Week Range 98.10 | -45.43% 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
| ETFs to Buy on Tesla's Record-Breaking Q4 Results Jan 27 / Zacks.com - Paid Partner Content | Should You Short Financial Sector With ETFs? Jan 23 / Zacks.com - Paid Partner Content |
| NATIONAL BANK OF CANADA /FI/'s Top 5 Buys of the 4th Quarter Jan 24 / GuruFocus News - Paid Partner Content | Best Leveraged ETF Areas of Last Week Jan 23 / Zacks.com - Paid Partner Content |
| ETFs in Focus Ahead of Tesla Q4 Earnings Jan 24 / Zacks.com - Paid Partner Content | ETFs to Click on Netflix's Blowout Q4 Subscriber Growth Jan 20 / Zacks.com - Paid Partner Content |
Performance
| 1 month | -41.18% | 3 years | -72.66% | |
| 3 months | -45.59% | 5 years | -66.72% | |
| 1 year | -40.35% | Since inception | -67.65% |
Data through 01/27/2023
Quote Details
| Previous close | $35.12 |
| Open day’s range | 31.35 – 35.66 |
| Net asset value (NAV) | 35.04 (01/26/2023) |
| Daily volume | 2,311,436 |
| Average volume (3 months) | 1,066,860 |
Data as of 3:59pm ET, 01/27/2023
Peer Comparisonvs. Trading--inverse equity ETFs
| FNGD | Category | |
|---|---|---|
| Performance 5-yr return | -66.72% | -29.79% |
| Expense Gross exp ratio | 0.95% | -- |
| Risk 5 year sharpe ratio | -- | -- |
| Net assets | $147.5M | -- |
| Average market cap | $688.0B | -- |
| Average P/E | 31.4 | -- |
| Dividend / Share | -- | 9.68% |
Competitors
Holdings
Top 5 SectorsPortfolio weighting
| Business service | -- |
| Consumer goods | -- |
| Consumer service | -- |
| Energy | -- |
| Financial service | -- |
Top 10 HoldingsPortfolio weighting
| BABA Alibaba Group Holding Ltd | 10.00% |
| GOOGL Google | 10.00% |
| AMZN Amazon | 10.00% |
| AAPL Apple | 10.00% |
| BIDU Baidu | 10.00% |
| META Facebook | 10.00% |
| MSFT Microsoft | 10.00% |
| NFLX Netflix | 10.00% |
| NVDA NVIDIA Corp | 10.00% |
| TSLA Tesla | 10.00% |