On September 22, MicroSectors FANG+ 3X Leveraged ETN rose 8.2% in regular trading, trading at $35.7175 USD/share, with turnover of approximately $96.07 million.

As a triple-leveraged exchange-traded note tracking the NYSE FANG+ Index, the product amplifies daily movements of the underlying index by a factor of three. The intraday gain reflects a broad rally among major technology and internet bellwether constituents within the FANG+ Index, with the leveraged structure magnifying the resulting price action.

The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)