MicroSectors FANG+ Index -2X Inverse Leveraged ETN (FNGZ)
ETF analysis · AMEX · Financial Services · Asset Management - Leveraged
MicroSectors FANG+ Index -2X Inverse Leveraged ETN (FNGZ) is an exchange-traded fund in the Financial Services sector. Latest price: $2.43. Market cap $2.41M. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.
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About MicroSectors FANG+ Index -2X Inverse Leveraged ETN
This Exchange Traded Note (ETN), issued as a senior, unsecured medium-term note by Bank of Montreal, is designed to deliver daily investment results that correspond to two times the inverse performance of the NYSE Fang+™ Index. The ETN's value is structured to move inversely to the index's performance each day, at double the rate, with returns compounded daily. This return is net of a Daily Investor Fee, any negative Daily Interest, and a potential Redemption Fee Amount. The underlying NYSE Fang+™ Index is an equally-weighted benchmark composed of highly liquid growth stocks from technology and tech-enabled companies within the technology and consumer discretionary sectors.
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