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FNGU
MicroSectors FANG+™ Index 3X Inverse Leveraged ETN

Price: $162.00
Change: $14.78 (-0.08%)
Category: Leveraged Equities
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $23.01
  • 52 Week Hi $255.54
  • AUM $727.2 M
  • Shares 4.5 M

Analyst Report

The MicroSectors FANG+ Index 3X Leveraged exchange-traded note aims to triple the daily return 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.

The notes are intended to be used as short-term trading tools by sophisticated investors. FNGU, like most leveraged products, rebalances at the end of every trading day. In practice, this means FNGU’s performance 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 gain, which can come as a rude surprise to buy-and-hold investors.

Investors looking for long-term exposure to technology might be better-served with low-cost funds like State Street Corp.’s Technology Select Sector SPDR Fund (XLK) or the Vanguard Information Technology ETF (VGT). Both offer broad tech exposure, but don’t invest in household names like Alphabet, Facebook and Twitter due to an indexing change that reclassified those companies into communications services. (Those stocks can be found in XLC and VOX instead.) Another long-term option is the Invesco QQQ Trust, which invests in non-financial companies listed on the Nasdaq. (QQQ includes all the FANG stocks except Twitter, which is listed on the New York Stock Exchange.)

FNGU’s 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 broad exposure to tech, there’s products like TECL from Direxion, which uses leverage to juice returns of the same stocks as XLK.

Historical Trading Data

  • 1 Month Avg. Volume 998,704
  • 3 Month Avg. Volume 690,775

Alternative ETFs in the Leveraged Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SDYL 0.30% $12.5 M 1,129 -34.01%
Largest (AUM) TQQQ 0.95% $7.7 B 35 M 30.32%
Most Liquid (Volume) SQQQ 0.95% $1.8 B 42 M -74.92%
Top YTD Performer FNGO 0.95% $124.8 M 23,283 127.61%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

10
Number of Holdings
100.00%
% Assets in Top 10
Number of Holdings
10

% Assets in Top 10
100.00%

Sector Breakdown

FNGU Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A

FNGU Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A

FNGU Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 251.74 M 3 Month Net Flows: 251.74 M 6 Month Net Flows: 251.74 M 1 Year Net Flows: 251.74 M 3 Year Net Flows: 363.33 M 5 Year Net Flows: 363.33 M 10 Year Net Flows: 363.33 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for FNGU 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 Leveraged 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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

FNGU Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.536%
ETF Wtd. Average
0.19%
Category Average
1.00%
Expense Ratio
0.95%
ESG Themes and Scores

FNGU does not have an ESG score. There are no ESG themes that map to this ETF.

FNGU Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-8.35%
1 Week Return
-26.83%
4 Week Return
70.08%
13 Week Return
346.83%
26 Week Return
170.86%
Year to Date Return
398.15%
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
1 Week Return
-8.35%

4 Week Return
-26.83%

13 Week Return
70.08%

26 Week Return
346.83%

Year to Date Return
170.86%

1 Year Return
398.15%

3 Year Return
No Ranking Available

5 Year Return
No Ranking Available

FNGU Price and Volume Chart

FNGU Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
207.17%
Rank
98 of 151

20 Day Volatility
141.26%
Rank
1 of 151

50 Day Volatility
106.95%
Rank
3 of 151

200 Day Volatility
96.75%
Rank
18 of 149

Beta
3.8
Rank
15 of 151

Standard Deviation
48.12%
Rank
21 of 141

Technicals

  • 20 Day MA $189.58
  • 60 Day MA $157.73
  • MACD 15 Period -15.09
  • MACD 100 Period 34.93
  • Williams % Range 10 Day 70.72
  • Williams % Range 20 Day 89.20
  • RSI 10 Day 42
  • RSI 20 Day 48
  • RSI 30 Day 51
  • Ultimate Oscillator 53

Bollinger Brands

  • Lower Bollinger (10 Day) $154.60
  • Upper Bollinger (10 Day) $184.20
  • Lower Bollinger (20 Day) $133.13
  • Upper Bollinger (20 Day) $244.75
  • Lower Bollinger (30 Day) $130.34
  • Upper Bollinger (30 Day) $235.24

Support & Resistance

  • Support Level 1 $155.69
  • Support Level 2 $149.37
  • Resistance Level 1 $173.10
  • Resistance Level 2 $184.19

Stochastic

  • Stochastic Oscillator %D (1 Day) 54.30
  • Stochastic Oscillator %D (5 Day) 48.00
  • Stochastic Oscillator %K (1 Day) 59.93
  • Stochastic Oscillator %K (5 Day) 48.60

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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