MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) Dividend Yield, History & Forecast

MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund (ETF) listed on the New York Stock Exchange Arca. market capitalization is approximately $2.24B.

FNGD fund composition

FNGD holds 10 positions, with 100.0% of assets in its ten largest. It charges an expense ratio of 0.95%, and manages $44.4M.

Top 10 holdings

HoldingWeight
GOOGLAlphabet10.00%
NFLXNetflix10.00%
NVDANVIDIA10.00%
TSLATesla10.00%
FBFacebook10.00%
BABAAlibaba10.00%
BIDUBaidu10.00%
TWTRTwitter10.00%
AAPLApple10.00%
AMZNAmazon10.00%

Sector allocation

Technology59.6%Communication Services30.0%Consumer Cyclical10.4%Financial Services10.0%

Frequently Asked Questions about MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD)

What does MicroSectors FANG+ Index -3X Inverse Leveraged ETN invest in?
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...