As of May 16, 2025, MicroSectors FANG+ Index 3X Leveraged ETNs due January 8 2038 has 95 shares failed to deliver, representing 0.01% of the average daily volume of 946,525 shares. Over the past year, the monthly average FTD is 5,629 shares, with the current level 98% below the historical average, indicating low settlement pressure. The weighted FTD ratio below 1% suggests normal market making activity with adequate liquidity.