|Day Lo||-||Day Hi||-|
The MicroSectors FANG+ Index 3X Leveraged inverse exchange-traded notes aim to triple the daily loss of an index of so-called FANG stocks, meaning Facebook, Amazon, Apple, Netflix, and Google-parent Alphabet Inc. The fund offers highly concentrated exposure those five “core” companies, plus another five technology growth stocks, including Alibaba, Baidu, NVIDIA, Tesla and Twitter.
FNGS is a short position, meaning the notes profit when the underlying stocks fall. FNGS is designed to be used as a short-term trading tool by sophisticated investors.
FNGS, like most leveraged products, rebalances at the end of every trading day. Over time, the performance of FNGS will diverge significantly from the underlying stocks. The daily reset means that FNGU could lose money over time even if the underlying equities have posted a loss, which can come as a rude surprise to buy-and-hold investors.
The management fee of 95 basis points might seem like a high price to pay for a passive investment, but that shouldn’t be a major concern for short-term trading.
For traders who want the leverage but prefer to bet a against a broader universe of tech stocks, there’s products like Direxion Technology Bear 3X Shares (TECS), which bets against the same universe of stocks held by State Street Corp.’s Technology Select Sector SPDR Fund (XLK), or the ProShares UltraShort Technology ETF (REW) which aims to double the daily loss of the stocks held by the iShares U.S. Technology ETF (IYW).
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.
View charts featuring ETF fund flow data.
The adjacent table gives investors an individual Realtime Rating for FNGS on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Large Cap Growth Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.
FNGS does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.