MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Reaches New 12-Month High – Time to Buy?

Shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $57.23 and last traded at $57.21, with a volume of 23580 shares traded. The stock had previously closed at $56.67.

MicroSectors FANG+ Index ETN Price Performance

The stock’s 50 day moving average is $52.32 and its two-hundred day moving average is $49.59. The stock has a market capitalization of $41.27 billion, a PE ratio of 58.44 and a beta of 1.69.

Hedge Funds Weigh In On MicroSectors FANG+ Index ETN

An institutional investor recently bought a new position in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC acquired a new position in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 662 shares of the company’s stock, valued at approximately $33,000.

MicroSectors FANG+ Index ETN Company Profile

(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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