MicroSectors™ FANG+™ 3x Leveraged ETNs Price & Performance (FNGB)

BMO Financial Group has announced the redemption of its MicroSectors FANG+ Index 3x Leveraged ETNs, trading under the ticker FNGU. The move coincides with the launch of a new exchange-traded note, the MicroSectors FANG+ 3x Leveraged ETN, as part of its updated offerings.1

The GraniteShares 2x Long BABA Daily ETF (BABX) led leveraged ETF performance last week, gaining over 31%. The surge followed Alibaba’s announcement of better-than-expected earnings and a $52 billion investment in artificial intelligence initiatives over three years, driving investor interest.2

ProShares Ultra Bloomberg Natural Gas (BOIL) saw a 23% rise last week, benefiting from cold weather and record liquefied natural gas exports. Disruptions in natural gas production also contributed to the ETF’s strong performance, reflecting broader market trends in energy commodities.2