MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD)

MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund in the Trading Inverse Equity category. It has $55.64M in assets, an expense ratio of 0.95% and a 0.00% dividend yield. 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.