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

MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $54.83 and last traded at $54.82, with a volume of 100358 shares traded. The stock had previously closed at $54.44.

MicroSectors FANG+ Index ETN Trading Up 1.2 %

The company’s 50 day simple moving average is $51.54 and its 200 day simple moving average is $49.14. The stock has a market capitalization of $40.19 billion, a PE ratio of 58.44 and a beta of 1.69.

Institutional Trading of MicroSectors FANG+ Index ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC acquired a new position in MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 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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