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Trade MicroSectors FANG+ Index -3X Inverse Leveraged ETN - FNGD CFD

24.09
5.42%
  • Summary
  • Historical Data
Trading сonditions
Spread 0.18
Long position overnight fee

Long position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment -0.026207 %
Charges from full value of position ($-4.98)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
-0.026207%
Short position overnight fee

Short position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment 0.003985 %
Charges from full value of position ($0.76)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
0.003985%
Overnight fee time 21:00 (UTC)
Min traded quantity 0.1
Currency USD
Margin 5%
Stock exchange United States of America
Commission on trade 0%

Key Stats
Prev. Close 25.47
Open 25.42
1-Year Change 183.39%
Day's Range 23.7 - 25.43
  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Jun 14, 2024 25.47 -0.51 -1.96% 25.98 26.18 25.36
Jun 13, 2024 25.98 0.62 2.44% 25.36 26.36 25.18
Jun 12, 2024 27.24 -0.62 -2.23% 27.86 28.07 26.53
Jun 11, 2024 28.70 -0.95 -3.20% 29.65 30.21 28.70
Jun 10, 2024 29.70 -0.26 -0.87% 29.96 30.26 29.44
Jun 7, 2024 29.85 0.01 0.03% 29.84 30.09 29.27
Jun 6, 2024 29.56 0.09 0.31% 29.47 30.04 29.08
Jun 5, 2024 29.58 -1.38 -4.46% 30.96 31.40 29.56
Jun 4, 2024 31.67 -0.29 -0.91% 31.96 32.54 31.40
Jun 3, 2024 31.86 0.10 0.31% 31.76 33.00 31.23
May 31, 2024 32.47 0.70 2.20% 31.77 34.28 31.57
May 30, 2024 31.77 1.37 4.51% 30.40 32.14 30.31
May 29, 2024 30.13 -0.44 -1.44% 30.57 30.58 29.60
May 28, 2024 29.77 -0.41 -1.36% 30.18 30.58 29.77
May 24, 2024 30.33 -0.95 -3.04% 31.28 31.45 30.06
May 23, 2024 31.71 2.12 7.16% 29.59 32.29 29.56
May 22, 2024 31.09 0.41 1.34% 30.68 31.69 30.46
May 21, 2024 30.48 -1.12 -3.54% 31.60 31.69 30.44
May 20, 2024 31.13 -0.71 -2.23% 31.84 31.90 30.98
May 17, 2024 31.94 0.00 0.00% 31.94 32.49 31.62

Trading calculator

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MicroSectors FANG+ Index -3X Inverse Leveraged ETN Company profile

The term MicroSectors indicates concentrated exposure to 10 stocks in a given sub-sector, or ‘micro sector’. The Microsectors FANG+ Index tracks the prices of some of the highly traded, popular technology-based growth stocks.

The acronym FANG relates to the top five core company stocks namely, Facebook, Apple, Amazon, Netflix and Google (now referred to as Alphabet Inc.). In addition to these companies, the other five constituents of the Microsectors FANG+ Index are Alibaba, Baidu, NVIDIA, Tesla and Twitter.

A means to a leveraged short-term trade in volatile markets, Exchange-traded notes (ETNs) are unsecured, senior debt security by an underwriting bank. ETNs are constructed with the intent to facilitate daily trading for experienced investors.

Within the category of leveraged equities, the FNGD ETN was launched on 22 January 2018. Tracking the daily performance of the NYSE FANG+ Index, FNGD offers experienced investors, a platform for three-times leveraged participation in the daily performance of the index. The returns on this ETN attract certain charges and fees as well.

Considering FNGD is a 3X ETN, it is indicative of being exposed to three times the risk of volatility in the underlying index. It remains extremely sensitive to the changes in the index and subject to the daily market fluctuations, the returns of the ETN could be adversely impacted on a daily or intraday basis. Hence, it is not recommended for novice traders.

On 15 February 2022, the Microsectors FANG+ Index – 3X Inverse Leveraged ETNs (FNGD) opened at $48.91. Within the intraday trading, it fluctuated to the high of $49.40 and low of $46.65. At a close price of $47.01 on 15 February 2022, compared to the close price of $51.84 as of 14 February 2022, the ETN has plummeted by 9.31%.

However, in the month of February alone, the FNGD ETN has rallied by 5.78%. On 1 February 2022, FNGD had closed at $44.44, while fluctuating to an intra-day high and low of $47.63 and $44.40, respectively. 

The data from Capital.com showed 100% bullish and 0% bearish trader sentiment. The data was calculated automatically, based on open positio

Industry: Banks (NEC)

1 First Canadian Place
TORONTO
ONTARIO M5X 1A1
CA

News

RBA Meeting Preview: No change to policy expected, markets look for fresh guidance

The Reserve Bank of Australia is expected to keep interest rates unchanged at 4.35% when it meets on Tuesday, June 18th, 2024, at 2:30 PM (AEST).

13:17, 17 June 2024

FOMC Decision Review: Rates unchanged as central bank raises inflation and interest rate forecasts

The FOMC left Federal Funds Rate unchanged at a target range of 5.25 to 5.50%.

10:55, 17 June 2024

Bank of Japan Preview: Markets look for guidance from BOJ about timing of next hike

The Bank of Japan meets on Friday, 14th of June, 2024. We preview what to expect from the BOJ decision and how it might impact the USD/JPY and Nikkei 225.

11:05, 12 June 2024

FOMC preview: Still expecting three rate cuts in 2024?

The Federal Reserve is expected to keep its policy unchanged on Wednesday – data from Reuters shows a 99% chance of no change. Last week’s 25-basis-point rate cut from the ECB has done nothing to change market expectations, and why should it?

08:20, 11 June 2024

US Non-Farm Payrolls Preview: Forecasts point to a stable labour market

US labour market conditions are expected to have remained stable in May. The latest Non-Farm Payrolls data will be released on Friday, June 7th, 2024, and will provide a health check on the US jobs market.

10:09, 5 June 2024

AUD/USD analysis: Focus turns to GDP data after unexpected CPI rise

Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.

15:57, 4 June 2024

ECB preview: A cut, but how many more?

After months of waiting, a rate cut from the ECB on Thursday looks like a done deal. Data from Reuters shows markets pricing in a 96% chance of a 25-basis point cut from the European Central Bank following Thursday’s policy meeting.

08:54, 4 June 2024

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