FNGU Stock: MicroSectors FANG+ 3X Leveraged ETNs Profile & Analysis (2026)
A high-velocity 3x leveraged exchange-traded note providing triple daily exposure to the 10 most influential mega-cap tech leaders. — Updated May 2026 with current AUM, expense ratio, holdings, and performance data.
The MicroSectors FANG+ 3X Leveraged ETN (FNGU) is a tactical trading vehicle designed to provide three times the daily performance of the NYSE FANG+ Index. This index is a highly concentrated, equal-weighted basket of 10 tech giants that dominate the modern market landscape. Because the index includes major chipmakers, traders often use FNGU as a high-leverage alternative to the complete list of semiconductor companies when they anticipate a rapid sector rally.
It is vital to note that FNGU is NOT for long-term holding. As a 3x leveraged product, it is subject to daily reset and volatility decay, which can result in significant losses over time even if the underlying stocks remain flat. While some investors look for stability in the complete list of food and beverage companies, FNGU is built for aggressive, short-term speculation. This note was relaunched in early 2025 by REX MicroSectors following the redemption of the original FNGU series by its previous issuer.
Key Takeaways — FNGU Stock
FNGU aims for 300% of the daily returns of the NYSE FANG+ Index. This applies to both gains and losses, creating extreme price swings.
The note holds just 10 mega-cap stocks. High concentration means individual company news (like a Tesla or Nvidia earnings report) can move the entire ETN.
Due to the daily reset mechanism, FNGU is mathematically destined to underperform its 3x target over long periods in volatile or sideways markets.
Unlike an ETF, an ETN is an unsecured debt obligation. Investors are exposed to the credit risk of the issuer, REX MicroSectors.
FNGU — Live Price Chart
Real-time chart from TradingView.
FNGU ETF Vitals & Key Statistics
Core data as of May 2026.
| Data Point | Value | Data Point | Value |
|---|---|---|---|
| Full Name | MicroSectors FANG+ 3X Leveraged ETNs | Ticker | FNGU |
| Issuer | REX MicroSectors | Asset Class | Leveraged Equity (ETN) |
| Index Tracked | NYSE FANG+ Index | Structure | Exchange Traded Note |
| Expense Ratio | 10% | AUM | $1.25B |
| Inception Date | February 19, 2025 | Exchange | AMEX |
| No. of Holdings | 10 | Dividend Yield | 10% |
| 52-Week High | $18.48 | 52-Week Low | $16.31 |
| Avg Daily Volume | High | YTD Return | 10% |
| 1-Year Return | 10% | 5-Year Return | 10% |
| Category | Trading/Leveraged Tech | Dividend Frequency | Quarterly |
FNGU Top 10 Holdings (May 2026)
Largest positions by weight. Click columns to sort.
| Rank | Ticker | Company Name | Sector | Weight % |
|---|---|---|---|---|
| 1 | MU | Micron Technology | Semiconductors | 16.48% |
| 2 | AVGO | Broadcom | Semiconductors | 10.94% |
| 3 | AMZN | Amazon | Consumer Disc | 10.62% |
| 4 | GOOGL | Alphabet | Technology | 10.36% |
| 5 | AAPL | Apple | Technology | 10.19% |
| 6 | META | Meta Platforms | Technology | 10.00% |
| 7 | MSFT | Microsoft | Technology | 10.00% |
| 8 | NVDA | Nvidia | Semiconductors | 10.00% |
| 9 | NFLX | Netflix | Communication | 10.00% |
| 10 | TSLA | Tesla | Consumer Disc | 10.00% |
FNGU — Pros & Cons
✓ Explosive Gains
Provides the potential for massive profits during strong tech bull runs due to 3x leverage.
✗ Volatility Decay
Compounding in a choppy market can lead to heavy losses even if the target index hasn’t moved much.
✓ Concentrated Focus
Avoids the “dead weight” of underperforming companies by focusing on only the 10 most active tech leaders.
✗ High Costs
A high expense ratio makes this one of the most expensive ways to gain equity exposure.
✓ Equal-Weighted Rebalance
Quarterly rebalancing prevents a single stock from permanently dominating the note’s performance.
✗ Issuer Credit Risk
Since FNGU is an ETN, you are lending money to REX MicroSectors; if they fail, you could lose your investment.
Who Should Consider FNGU?
Sophisticated day traders or swing traders who monitor the market minute-by-minute.
Buy-and-hold investors, retirement savers, or anyone with low risk tolerance.
You have a high-conviction bullish outlook on mega-cap tech over a 1-to-3 day window.
Taxable active-trading accounts; generally too volatile for long-term IRAs.
FNGU vs Similar ETFs
Key metrics comparison.
| ETF | Full Name | Expense Ratio | AUM | Holdings | Div Yield | YTD | Best For |
|---|---|---|---|---|---|---|---|
| FNGU ★ | MicroSectors FANG+ 3X Leveraged ETN | 10% | $1.25B | 10 | 10% | 10% | 3x Bullish FANG+ |
| FNGD | MicroSectors FANG+ 3X Inverse ETN | 0.95% | $150M | 10 | 0% | N/A | 3x Bearish FANG+ |
| FNGG | Direxion Daily NYSE FANG+ Bull 2X ETF | 0.90% | $85M | 10 | 0.2% | N/A | 2x Bullish FANG+ |
| TQQQ | ProShares UltraPro QQQ | 0.84% | $22B | 100+ | 0.1% | N/A | 3x Bullish Nasdaq 100 |
FNGU Technical Analysis
Real-time buy/sell signals.
FNGU — Risks & Considerations
Compounding Risk
Daily leverage compounding can lead to returns that differ significantly from 3x the index return over periods longer than one day.
High Concentration Risk
Because the index only holds 10 stocks, a sharp drop in a single stock like Nvidia or Apple can lead to a 10-15% drop in FNGU instantly.
Credit Risk
As an ETN, investors are exposed to the default risk of REX MicroSectors. It is a debt instrument, not a share of a fund.
Extreme Volatility
FNGU can easily drop 20% or more in a single week. It is one of the most volatile instruments available to retail traders.