MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Hits New 52-Week High – Here’s What Happened

Posted by Joseph Casey on Feb 14th, 2025

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $61.04 and last traded at $61.04, with a volume of 761391 shares changing hands. The stock had previously closed at $60.17.

MicroSectors FANG+ Index ETN Stock Performance

The company has a market capitalization of $44.51 billion, a PE ratio of 58.44 and a beta of 1.69. The company has a 50 day moving average price of $58.49 and a 200 day moving average price of $52.87.

Hedge Funds Weigh In On MicroSectors FANG+ Index ETN

A hedge fund recently raised its stake in MicroSectors FANG+ Index ETN stock. Marshall Wace LLP increased its position in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Free Report) by 115.6% during the 4th quarter, according to its most recent disclosure 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 quarter. Marshall Wace LLP’s holdings in MicroSectors FANG+ Index ETN were worth $1,206,000 at the end of the most recent reporting period.

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.