MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Large Volume Increase – Should You Buy?

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) shares saw an uptick in trading volume on Thursday . 485,340 shares were traded during mid-day trading, an increase of 251% from the previous session’s volume of 138,265 shares.The stock last traded at $60.47 and had previously closed at $60.17.

MicroSectors FANG+ Index ETN Stock Performance

The stock has a market capitalization of $44.72 billion, a PE ratio of 58.44 and a beta of 1.69. The company has a 50 day moving average of $58.67 and a two-hundred day moving average of $53.02.

Institutional Investors Weigh In On MicroSectors FANG+ Index ETN

An institutional investor recently raised its position in MicroSectors FANG+ Index ETN stock. Marshall Wace LLP increased its holdings in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) by 115.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,029 shares of the company’s stock after purchasing an additional 11,275 shares during the period. Marshall Wace LLP’s holdings in MicroSectors FANG+ Index ETN were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About MicroSectors FANG+ Index ETN

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.