MicroSectors FANG+ Index -3X Inverse Leveraged ETN company info

What does MicroSectors FANG+ Index -3X Inverse Leveraged ETN do?
MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSE:FNGD) offers investors a unique way to capitalize on the inverse performance of some of the most dynamic technology and internet-related stocks. This exchange-traded note is specifically designed to provide -3X leveraged inverse exposure to an index composed of highly traded growth stocks of technology and tech-enabled companies. As such, FNGD aims to provide triple the opposite daily return of the FANG+ Index, which includes major players in the tech industry. The objective of FNGD is to meet the needs of sophisticated investors seeking tactical investment options that can potentially profit from declines in the technology sector. It's crucial for investors to understand the risks associated with leveraged and inverse investing, including the potential for significant losses. FNGD is exclusively traded on the NYSE Arca, offering a targeted investment strategy for those looking to hedge or speculate on the tech sector's short-term movements.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN company media
Company Snapshot

Is MicroSectors FANG+ Index -3X Inverse Leveraged ETN a public or private company?

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Ownership
Public

How many people does MicroSectors FANG+ Index -3X Inverse Leveraged ETN employ?

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Employees
8

What sector is MicroSectors FANG+ Index -3X Inverse Leveraged ETN in?

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Sector
ETF

Where is the head office for MicroSectors FANG+ Index -3X Inverse Leveraged ETN?

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Head Office
New York, United States

What year was MicroSectors FANG+ Index -3X Inverse Leveraged ETN founded?

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Year Founded
2018
What does MicroSectors FANG+ Index -3X Inverse Leveraged ETN specialise in?
/Inverse Leveraging /Exchange Traded Note /Financial Product /Risk Management /Stock Market /Investment Strategy

What are the products and/or services of MicroSectors FANG+ Index -3X Inverse Leveraged ETN?

Overview of MicroSectors FANG+ Index -3X Inverse Leveraged ETN offerings
Targets FANG+ Index Inversely with 3x Leverage: FNGD aims to deliver returns opposite (inverse) to the performance of the FANG+ Index, which is composed of stocks from leading technology companies like Facebook, Amazon, Netflix, and Google. The "-3x" leverage means the ETN attempts to magnify daily returns (positive or negative) by a factor of 3.
Short-Term Investment Strategy: FNGD is designed for short-term investment strategies due to the compounding effect of leverage. It may not be suitable for long-term investors due to potential volatility decay.
Geared for Downside Markets: FNGD benefits when the FANG+ Index and its underlying stocks decline in price. The 3x leverage amplifies those downward movements.
Potential for Magnified Losses: While FNGD can magnify gains when the market moves favorably, it can also amplify losses if the market goes up. Investors should be aware of the potential for significant capital loss.
Higher Risk Profile: Due to the leveraged nature, FNGD is considered a high-risk investment compared to traditional ETFs or stocks.
Decay of Leverage Over Time: The compounding effect of daily leverage can lead to the ETN's performance deviating from its target return over longer periods, especially in volatile markets.