FNGU MicroSectors FANG+ 3x Leveraged ETNs due February 17, 2045

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

FNGU — —
Key stats
About

MicroSectors FANG+ 3x Leveraged ETNs due February 17, 2045 (FNGU) ETF

No description available.

Exchange
ARCX
Inception
2022-10-31
Has Options
No
Fund profile
Leveraged & Inverse Leveraged Equity#140 of 161 by assets MicroSectors FANG+
Resets to 3x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 3x the benchmark, especially when it is volatile. Decay analysis
Exchange-traded note: an unsecured debt of the issuing bank that pays an index return. It holds no portfolio and carries the issuer's credit risk.
Expense ratio
—
Assets
—
Trailing yield
—
Average daily volume
$91M
30 sessions
Holdings
—
Listed
Oct 31, 2022
NYSE Arca
Closure risk, 12 months
0.3%
low: volatility, leveraged or inverse · model

Moves with. US large-cap stocks (45% of its variance, beta 2.83); Value over growth (32% of its variance, beta -1.72); Bitcoin (4% of its variance, beta 0.14). These factors explain 84% of its daily moves over the last year.

Overlap toolAll Leveraged Equity ETFs

Fund flows

This product is not a registered investment company, so it does not file the monthly flow reports that funds file with the SEC.

Similar funds
FundOverlapFeeAssets1Y
TQQQProShares UltraPro QQQ—0.84%$36.2B+34.6%compare
SOXLDirexion Daily Semiconductor Bull 3X ETF——$19.4B+144.4%compare
QLDProShares Ultra QQQ—0.95%$14.5B+29.2%compare
SSOProShares Ultra S&P500—0.89%$9.1B+25.2%compare
SPXLDirexion Daily S&P 500 Bull 3x ETF——$7.2B+35.4%compare

The largest other funds in the Leveraged Equity category.

ETF Profile
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan5.72%-29.51%68.88%16.23%5.44%-6.59%10.03%
Feb4.96%-26.58%-5.09%22.63%-14.04%-18.34%-6.08%
Mar-23.79%7.51%44.72%-4.33%---17.61%1.30%
Apr9.70%-50.84%-2.96%-11.97%--49.60%-1.29%
May-5.37%-19.76%58.07%19.25%--37.72%17.98%
Jun29.56%-21.05%15.50%26.81%12.52%-28.88%5.74%
Jul-6.70%27.55%6.79%-13.29%7.84%-1.37%3.47%
Aug6.79%-13.86%-9.65%3.03%7.54%15.09%1.49%
Sep-17.36%-31.52%-17.91%18.16%18.44%7.20%-3.83%
Oct31.27%-24.31%-10.51%8.85%11.60%-5.96%*1.82%
Nov-8.07%33.29%34.61%16.16%-8.75%--13.45%
Dec-3.89%-28.62%17.86%11.34%-15.06%---3.67%
Total8.62%-90.61%362.13%169.76%21.17%5.38%79.41%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $34.81
SMA 50: $33.47
SMA 200: $26.53
Current: $32.35
EMA 12: $33.80
EMA 26: $34.01
MACD: -0.2169 | Signal: -0.6009
BULLISH
ADX (14): 19.16
RANGE
+DI: 13.55
−DI: 28.82

Momentum Oscillators

RSI (14): 43.12
NEUTRAL
Stoch %K: 22.50
Stoch %D: 21.41
Williams %R: -76.20

Volume & Volatility

BB Upper: $38.19
BB Lower: $31.42
NEUTRAL
OBV: 161,980,907
Vol SMA 20: 2,620,170
Vol ROC: -7.66%
ATR: $1.72
True Range: $1.29
HV 20: 54.8%
HV 30: 55.0%
HV 60: 60.5%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-07-03T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: FNGU

Executive Summary

Overall Assessment: BEARISH (Confidence Level: 6/10)

Key Drivers: High volatility, negative news sentiment, technical breakdown

Primary Risks: High risk due to beta >1.5, high volatility, and negative news sentiment

Investment Thesis: FNGU's recent price action is driven by high volatility, which may continue in the near term. However, this volatility also presents an opportunity for short-term traders.

Recent News Sentiment Impact: The positive sentiment from recent headlines (Healing Through Music and BMO announcements) has not been enough to offset the overall bearish tone of the market and FNGU's technical indicators.

Technical Analysis

Trend Direction: BEARISH (Short-term), NEUTRAL (Medium-term), BEARISH (Long-term)

Support/Resistance Levels:

  • SMA 20: $27.66 (support)
  • EMA 12: $28.68 (resistance)
  • Upper Bollinger Band: $32.70 (resistance)

Momentum Signals:

  • RSI: 63.72 (neutral)
  • MACD: Bullish signal, but histogram is decreasing
  • Bollinger Bands: Neutral

Volume Analysis: Volume has been declining in recent weeks, suggesting bearish momentum.

News & Sentiment Analysis

Recent Headlines Summary: Mostly neutral headlines from financial institutions and company announcements. However, the positive sentiment from Healing Through Music and BMO announcements may have had a short-term impact on FNGU's price.

Sentiment Assessment: NEUTRAL (aggregate news sentiment)

Catalyst Identification: No significant catalysts in the near term.

Market Narrative: The market is currently trading within a range, with FNGU's price action driven by high volatility and negative technical indicators.

Risk & Volatility Assessment

Beta Interpretation: High risk due to beta >1.5 (more volatile than market)

Volatility Regime: Current volatility level is higher than historical average (HV20 81.0%)

Options Market Signals: No options data available.

Downside Protection: Support levels are present at SMA 20 ($27.66), but there is no clear indication of a reversal in the near term.

Market Context & Positioning

Sector Performance: FNGU's sector (Financials) has been trading within a range, with no significant outperformance or underperformance.

Institutional Activity: No unusual institutional activity detected.

Correlation Analysis: R-squared interpretation suggests that FNGU moves more than the market, indicating high volatility.

Relative Valuation: FNGU is positioned within its trading range, with no clear indication of a breakout or breakdown in the near term.

Key Levels & Action Items

Critical Price Levels:

  • SMA 20 ($27.66): Support
  • EMA 12 ($28.68): Resistance
  • Upper Bollinger Band ($32.70): Resistance

Breakout/Breakdown Levels: No clear levels for a breakout or breakdown in the near term.

Time-Sensitive Catalysts: No significant catalysts in the near term.

Risk Management: Consider short-term trading strategies, such as scalping or day trading, to take advantage of FNGU's high volatility. However, this strategy comes with higher risk due to beta >1.5 and negative technical indicators.

Generated

FNGU Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 4.4328
Alpha: -36.57%
Correlation: 0.8375
R-Squared: 70.1%
Stock Volatility: 67.2%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time

FNGU Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

21 filers1,072,471 shares$27.63M value
# Filer Shares Value % of Total % of Float Period
1 Morgan Stanley Custodian 330,280 $8.49M 30.74% — 2026-06-30
2 Larson Financial Group LLC 135,000 $3.47M 12.56% — 2026-06-30
3 Jane Street Group, LLC Custodian 126,847 $3.26M 11.80% — 2026-06-30
4 TRUE Private Wealth Advisors 91,322 $2.35M 8.50% — 2026-06-30
5 Citadel Advisors LLC Custodian 84,037 $2.16M 7.82% — 2026-06-30
6 Centric Wealth Management 73,218 $1.88M 6.81% — 2026-06-30
7 HRT FINANCIAL LP 52,895 $1.36M 4.92% — 2026-06-30
8 RENAISSANCE TECHNOLOGIES LLC 30,600 $786.73K 2.85% — 2026-06-30
9 Tower Research Capital LLC (TRC) Custodian 22,735 $584.52K 2.12% — 2026-06-30
10 Altura Wealth Advisors Inc. 21,942 $564.13K 2.04% — 2026-06-30
11 Barclays PLC Custodian 19,600 $503.92K 1.82% — 2026-06-30
12 Citigroup Inc. Custodian 17,392 $447.15K 1.62% — 2026-06-30
13 Mayflower Financial Advisors, LLC 16,385 $421.25K 1.52% — 2026-06-30
14 Kestra Advisory Services, LLC 15,625 $401.72K 1.45% — 2026-06-30
15 HUB Investment Partners, LLC 13,500 $347.08K 1.26% — 2026-06-30
16 XTX Topco Ltd 11,136 $286.31K 1.04% — 2026-06-30
17 Dynamic Advisor Solutions LLC 6,388 $220.71K 0.80% — 2026-09-30
18 PNC Financial Services Group, Inc. Custodian 3,233 $83.12K 0.30% — 2026-06-30
19 CREATIVE FINANCIAL DESIGNS INC /ADV 265 $6.81K 0.02% — 2026-06-30
20 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 40 $1.03K <0.01% — 2026-06-30
21 Caitlin John, LLC 31 $797 <0.01% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month