MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sets New 1-Year High – Here’s Why

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $54.20 and last traded at $54.18, with a volume of 28911 shares. The stock had previously closed at $54.14.

MicroSectors FANG+ Index ETN Trading Down 0.4 %

The company’s fifty day moving average is $50.16 and its 200 day moving average is $48.27. The company has a market capitalization of $39.34 billion, a P/E ratio of 58.44 and a beta of 1.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC purchased a new stake in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 662 shares of the company’s stock, valued at approximately $33,000.

MicroSectors FANG+ Index ETN Company Profile

The MicroSectors FANG+ ETN (FNGS) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks an equally-weighted index of US-listed technology and consumer discretionary companies, selected by a committee. FNGS was launched on Nov 15, 2019 and is issued by REX Microsectors.