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MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038
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.
bmoetn.com/ETN/FNGD.P
Ticker
FNGD
Market cap
$1.75B
IPO Date
Jan 23, 2018
Employees
53,234
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