(FNGO) MicroSectors FANG+ Index 2X - Ratings and Ratios

Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US0636798565 • Trading--Leveraged Equity

FNGO: Technology, Stocks, Internet, Social Media, E-commerce

The MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is a senior unsecured medium-term note issued by Bank of Montreal. It offers investors 2X leveraged exposure to the daily performance of the FANG+ Index, compounded daily, with deductions for a Daily Investor Fee, a Daily Financing Charge, and a potential Redemption Fee Amount. The FANG+ Index is an equal-dollar weighted index tracking highly liquid growth stocks within the technology and consumer discretionary sectors, focusing on companies at the forefront of technological innovation and digital transformation.

Ticker Symbol: FNGO | Exchange: NYSE ARCA | Type: ETN | Country Origin: USA | Category: Leveraged Equity Trading. The ETNs technical profile shows an average 20-day volume of 16,872 shares, with a last price of $83.34. Its short-term SMA (20-day) is $97.12, while the medium-term SMA (50-day) is $96.55, and the long-term SMA (200-day) is $78.69. The ATR is 4.14, reflecting moderate volatility. The fundamental profile indicates an AUM of $497.59M USD, positioning it as a mid-sized leveraged product in its category.

3-Month Forecast: Based on the technical and fundamental data, FNGO is likely to face headwinds in the near term. The SMA crossover suggests a bearish trend, with the 20-day SMA below the 50-day SMA. The ATR indicates moderate volatility, which could amplify price movements. With the 200-day SMA at $78.69, support levels may be tested if the current downtrend persists. The AUM of $497.59M suggests sufficient liquidity but may not buffer against broader market declines. Overall, FNGO is expected to remain under pressure, with potential downside targeting the $70-$75 range over the next three months.

Additional Sources for FNGO ETF

FNGO ETF Overview

Market Cap in USD 380m
Category Trading--Leveraged Equity
TER 0.95%
IPO / Inception 2018-08-01

FNGO ETF Ratings

Growth 5y 79.6%
Fundamental -
Dividend 0.0%
Rel. Strength Industry 20.4
Analysts -
Fair Price Momentum 76.28 USD
Fair Price DCF -

FNGO Dividends

No Dividends Paid

FNGO Growth Ratios

Growth Correlation 3m -40.9%
Growth Correlation 12m 85.1%
Growth Correlation 5y 57.5%
CAGR 5y 59.07%
CAGR/Max DD 5y 0.75
Sharpe Ratio 12m 1.28
Alpha 8.33
Beta 3.20
Volatility 79.96%
Current Volume 24.1k
Average Volume 20d 23.9k
What is the price of FNGO stocks?
As of March 15, 2025, the stock is trading at USD 75.37 with a total of 24,121 shares traded.
Over the past week, the price has changed by -1.31%, over one month by -27.80%, over three months by -27.36% and over the past year by +33.30%.
Is MicroSectors FANG+ Index 2X a good stock to buy?
Yes. Based on ValueRay Analyses, MicroSectors FANG+ Index 2X (NYSE ARCA:FNGO) is currently (March 2025) a good stock to buy. It has a ValueRay Growth Rating of 79.62 and therefor a clear technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FNGO as of March 2025 is 76.28. This means that FNGO is currently overvalued and has a potential downside of 1.21%.
Is FNGO a buy, sell or hold?
MicroSectors FANG+ Index 2X has no consensus analysts rating.
What are the forecast for FNGO stock price target?
According to ValueRays Forecast Model, FNGO MicroSectors FANG+ Index 2X will be worth about 91.5 in March 2026. The stock is currently trading at 75.37. This means that the stock has a potential upside of +21.45%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 91.5 21.5%