MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sets New 52-Week High – Time to Buy?

MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $53.37 and last traded at $53.37, with a volume of 10282 shares changing hands. The stock had previously closed at $52.89.

MicroSectors FANG+ Index ETN Stock Performance

The firm has a 50-day moving average price of $49.48 and a 200-day moving average price of $47.84. The stock has a market cap of $38.95 billion, a PE ratio of 58.44 and a beta of 1.69.

Hedge Funds Weigh In On MicroSectors FANG+ Index ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC bought a new position in MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 662 shares of the company’s stock, valued at approximately $33,000.

About MicroSectors FANG+ Index ETN

(Get Free Report)

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.

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