Direxion Daily Select Large Caps & FANGs Bull 2X Shares (NYSE:FNGG) popped almost 5% after the market opened Friday, but a move higher was hampered by the general market, which may be in need of consolidation because the S&P 500 has soared 5% over the last three trading days.
Many of the large cap stocks held in the ETF have traded significantly higher over the last few weeks, soaring up from their June 16 lows. FNGG has followed suit, surging 37% from the June 16 low of $4.01 to trade at about $5.60 on Friday.
