Direxion Daily NYSE FANG+ Bull 2X SharesFNGG
FNGG
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
199% more capital invested
Capital invested by funds: $6.66M [Q3] → $19.9M (+$13.2M) [Q4]
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
56% more funds holding
Funds holding: 9 [Q3] → 14 (+5) [Q4]
10.1% more ownership
Funds ownership: 8.9% [Q3] → 19.01% (+10.1%) [Q4]
89% less call options, than puts
Call options by funds: $396K | Put options by funds: $3.65M
Research analyst outlook
We haven’t received any recent analyst ratings for FNGG.
Financial journalist opinion
Negative
Seeking Alpha
1 month ago
FNGG: Climate Not Right For Swap-Based Leverage
The Direxion Daily NYSE FANG+ Bull 2X Shares ETF (FNGG) offers 2x daily leverage on a basket of equities, but is only suitable for sophisticated investors due to high risk. Key risks include volatility, compounding losses, liquidity issues, and concentration in similar stocks, making it unsuitable for long-term holding. FNGG employs equity index swaps to achieve leverage, which can amplify both gains and losses, necessitating active monitoring and management.

Neutral
Investors Business Daily
2 months ago
Why We Targeted Magnificent Seven Stocks As Market Breadth Weakened
With breadth looking poor, we are going where the strength is. The post Why We Targeted Magnificent Seven Stocks As Market Breadth Weakened appeared first on Investor's Business Daily.

Positive
ETF Trends
7 months ago
Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Positive
ETF Trends
8 months ago
Top Performing Leveraged/Inverse ETFs: 07/07/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Neutral
ETF Trends
8 months ago
Top Performing Leveraged/Inverse ETFs: 06/16/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Positive
ETF Trends
1 year ago
Analysts Ready to Unleash the Bears on Apple's Stock
Apple's stock has been soaring the past year with a gain of over 30%, but some analysts might be unleashing the bears on its stock in 2024. With that, traders can take advantage of single-stock ETFs to capitalize on any short-term weakness Apple's stock may exhibit.
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