MicroSectors FANG+ Index -3X Inverse Leveraged ETN
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About MicroSectors FANG+ Index -3X Inverse Leveraged ETN
The Index tracked by the Fund is the NYSE FANG+ Index, which seeks to achieve the same daily performance as triple the inverse of the Index before deducting various fees and expenses. The index is an equivalent dollar-weighted index created by the New York Stock Exchange in 2017 to provide exposure to a group of high-trading growth technology and technology company stocks. These include five core 'FANG' stocks – Facebook, Apple, Amazon, Netflix and Alphabet's Google – and five other actively traded tech growth stocks – Alibaba, Baidu, NVIDIA, Tesla and Twitter.
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