MicroSectors FANG+ Index -2X Inverse Leveraged ETN (FNGZ) Research

This Exchange Traded Note (ETN), issued as a senior, unsecured medium-term note by Bank of Montreal, is designed to deliver daily investment results that correspond to two times the inverse performance of the NYSE Fang+™ Index. The ETN's value is structured to move inversely to the index's performance each day, at double the rate, with returns compounded daily. This return is net of a Daily Investor Fee, any negative Daily Interest, and a potential Redemption Fee Amount. The underlying NYSE Fang+™ Index is an equally-weighted benchmark composed of highly liquid growth stocks from technology and tech-enabled companies within the technology and consumer discretionary sectors.

Market snapshot

Symbol
FNGZ
Price
$2.43
Day change
0.00%
Market cap
$2.4M
52-week range
2.2-4.35
Sector
Financial Services
Industry
Asset Management - Leveraged

Peer companies

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  • DB Agriculture Double Long ETN (DAG)
  • VelocityShares Short LIBOR ETN (DLBR)
  • ProShares Short Euro (EUFX)
  • Jacob Forward ETF (JFWD)
  • Impact Shares MSCI Global Climate Select ETF (NTZO)
  • PortfolioPlus S&P Mid Cap ETF (PPMC)
  • AXS 1.5X PYPL Bull Daily ETF (PYPT)

Open MicroSectors FANG+ Index -2X Inverse Leveraged ETN (FNGZ) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.