Opinions
Larry Berman CFA, CMT, CTA
MicroSectors FANG Index 3X Lev ETN
FNGU-N
COMMENT
Jul 05, 2021
It is triple leveraged so it provides triple the exposure of the index. It rebalances constantly and you are buying high and selling low. The more volatile the asset is, the worse the rebalancing impact is. Over time, it will erode the net asset value. Not good for long term buy and hold. Trading only.
$38.790
Stock price when the opinion was issued
E.T.F.'s
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