MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD)
FNGD Price Chart
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FNGD ETF Profile
Key details and information about MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD).
Sector Focus
Financial Services
Industry
Asset Management - Leveraged
Inception Date
23 Jan 2018
Country
US
Description
The FNGD MicroSectors FANG+ Index -3X Inverse Leveraged ETN is designed as a highly specialized, short-term trading instrument. It is intended solely for sophisticated investors who wish to implement daily tactical strategies, such as hedging against market upturns or seeking to profit from downward movements, as a component within a broader, diversified portfolio. The ETN tracks an underlying index that applies an equal-dollar weighting to a select group of actively traded, growth-oriented companies from the technology and consumer discretionary sectors, encompassing both dedicated technology firms and businesses significantly enabled by technology.
FNGD ETF Performance
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