MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Trading Down 5.6% – Here’s What Happened

Posted by Casey Walker on Apr 5th, 2025

Shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Get Free Report) traded down 5.6% on Friday . The company traded as low as $44.50 and last traded at $44.91. 211,787 shares changed hands during trading, an increase of 35% from the average session volume of 156,331 shares. The stock had previously closed at $47.57.

MicroSectors FANG+ Index ETN Price Performance

The stock has a market cap of $336.83 million, a price-to-earnings ratio of 36.03 and a beta of 1.22. The company’s fifty day moving average price is $55.24 and its 200-day moving average price is $54.52.

Institutional Investors Weigh In On MicroSectors FANG+ Index ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ Index ETN stock. Janney Montgomery Scott LLC acquired a new stake in MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,215 shares of the company’s stock, valued at approximately $2,938,000.

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.