FNGU - MicroSectors FANG+ Index 3X - Stock & Dividends

The MicroSectors FANG+ Index 3X Leveraged ETN (NYSE ARCA:FNGU) is a trading instrument designed for experienced investors who want to actively manage their daily market risks as part of a well-diversified investment portfolio.

The FNGU tracks an equal-dollar weighted index that focuses on a specific segment of the technology and consumer discretionary sectors. This index comprises highly-traded growth stocks of technology and tech-enabled companies, providing investors with exposure to some of the most influential and innovative players in the market.

By using an equal-dollar weighted approach, the index gives each constituent an equal influence on the overall performance, rather than weighting them by market capitalization. This allows investors to gain a more balanced view of the sector, with smaller companies having a greater impact on the index's performance.

The 3X leveraged feature of the ETN means that it is designed to provide three times the daily performance of the underlying index, making it a potentially attractive option for investors who want to amplify their returns. However, it's essential to note that this also increases the potential losses, making it a higher-risk investment.

Overall, the MicroSectors FANG+ Index 3X Leveraged ETN is a sophisticated trading tool that can be used by experienced investors to manage their daily market risks and potentially enhance their returns. It's essential to thoroughly understand the risks and benefits associated with this investment before adding it to a portfolio.