MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038

MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038

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Key stats

Assets under management (AUM)
‪4.61 B‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
1.5%

About MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038

Issuer
Bank of Montreal
Brand
REX Microsectors
Expense ratio
0.95%
Home page
Inception date
Jan 22, 2018
Index tracked
NYSE FANG+ index
Management style
Passive
FNGU offers 3x leveraged exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google [Alphabet Inc.]) and other companies that exhibit similar characteristics. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. Eligible stocks must be listed on a US exchange (although ADRs are acceptable), classified in either the technology or consumer discretionary sectors, and exhibit similar traits to other technology and internet companies. At least ten stocks must be included in the index, the number it held when the note launched so investors can expect a high level of concentration. All holdings are equally weighted. As a geared product, FNGU is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding.

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy