(FNGU) MicroSectors FANG+ Index 3X - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 6.867m USD | Total Return: 76.7% in 12m
Avg Turnover: 173M
Warnings
Extended 1w
Tailwinds
Supp Ema20, Rs Leader
The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is a high-risk financial instrument designed to provide three times the daily performance of the NYSE FANG+ Index. This index utilizes an equal-dollar weighting methodology to track ten highly-traded growth stocks within the technology and consumer discretionary sectors. This weighting strategy ensures that smaller constituents impact the index performance as significantly as the largest market-capitalization companies.
The underlying business model focuses on tech-enabled firms that dominate digital advertising, cloud computing, and e-commerce. Because the ETN resets its leverage daily, it is susceptible to compounding effects and volatility decay, making it a specialized tool for short-term tactical trading rather than long-term buy-and-hold investing. You may find it useful to evaluate these volatility risks further on ValueRay.
- Heightened volatility in megacap technology stocks amplifies leveraged daily returns
- Federal Reserve interest rate shifts impact growth stock valuation multiples
- Quarterly earnings performance of top ten equal-weighted index components
- US dollar strength affects international revenue for multinational tech firms
- Regulatory scrutiny of big tech firms influences sector-wide investor sentiment
As of June 03, 2026, the stock is trading at USD 35.74 with a total of 4,330,467 shares traded.
Over the past week, the price has changed by +25.83%,
over one month by +43.23%,
over three months by +90.56% and
over the past year by +76.69%.
MicroSectors FANG+ Index 3X has no consensus analysts rating.