MicroSectors FANG+ ETN Price & Performance (FNGS)

The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) has shown strong performance, gaining 15.19% last week as tech stocks declined by around 3%. Concerns over AI demand, upcoming earnings, and tariff impacts contributed to the sector's downturn, benefiting inverse ETFs like FNGD.12

Alibaba's introduction of the QwQ-32B AI model has driven its stock up by 8.6% in a day, adding $135 billion in market value this year. ETFs with significant Alibaba exposure, such as the Invesco Golden Dragon China ETF, are also seeing heightened interest as confidence in AI innovation grows.34

Leveraged and inverse ETFs, like the GraniteShares 2x Long BABA ETF and ProShares Ultra Bloomberg Natural Gas, continue to see significant gains. BABX led with a 31.47% weekly return, driven by Alibaba’s AI advancements, while BOIL surged 22.7% due to rising natural gas prices.12