Trade Setup
The return on the MicroSectors™ FANG+™ Index Inverse ETNs (ETNs) are linked to inverse exposure in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide inverse exposure to the NYSE FANG+™ Index. The NYSE FANG+™ Index, an equal-dollar weighted index, was created by NYSE in 2017 to provide exposure to a group of highly-traded growth stocks of technology and tech-enabled companies.