MS FANG+ 3X LEVERAGED ETN

FNGUNYSE ARCA

🏆 #1612 by market capUS Equity

$32.72▼ $0.95 (−2.91%)

🌅 Pre-market$32.93▲ 0.64%Regular close · extended-hours price shown

1h—

24h▼ 2.9%

7d▲ 2.0%

14d▲ 40.2%

30d▲ 17.4%

1y▲ 23.8%

🏦Market Cap

$2.41B

Small Cap

📈Revenue Growth (YoY)

—

📊Gross Margin

—

💵FCF Margin

—

⚖️P/S Ratio

—

Otter Score

Weak

Trading Snapshot

Day Range: $32.48 – $32.99
52-Week Range: $13.49 – $36.78
Volume: $2.80B
Avg Volume: $2.52B
Shares Outstanding: 73.7M
Next Earnings: Sep 20, 2026

Fundamentals Snapshot

Annual Revenue: $155M
Last Q Revenue: $41M
P/E Ratio: —
P/S Ratio: —
EPS (TTM): —
Dividend Yield: —

Why Investors Own FNGU

✓High-growth profile — revenue up +58.0% YoY with expanding US Equity exposure.
✓Healthy economics — 74% gross margin and 6% free-cash-flow margin.
✓New products and segments could unlock additional revenue streams.

⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

Financial Trends

Revenue (TTM)

$155M▲ +63.8% YoY

Gross Margin (TTM)

74.0%▲ +3.7% YoY

Operating Income (TTM)

$19M▲ +63.8% YoY

Free Cash Flow (TTM)

$9M▲ +63.8% YoY

About MS FANG+ 3X LEVERAGED ETN

The MicroSectors FANG+ 3x Leveraged ETN, trading as FNGU, delivers three times (3x) magnified exposure to an index comprising leading technology and growth companies. This benchmark prominently features the core "FANG" stocks: Facebook, Apple, Amazon, Netflix, and Google. While these five are generally expected to be constant inclusions, an independent index committee selects additional, comparable firms to complete the portfolio. The index mandates a minimum of ten constituent stocks, which was its initial composition, resulting in a highly concentrated allocation where all underlying holdings are equally weighted. Given its leveraged structure and daily resetting of exposure, FNGU is specifically engineered as a short-term trading instrument rather than a suitable long-term investment vehicle. Investors should be aware that daily compounding effects can cause the ETN's long-term returns to diverge significantly from those of its underlying benchmark. Before June 24, 2025, this product is listed under the ticker FNGB.

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