MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Unusually-High Trading Volume

MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report) saw an uptick in trading volume on Monday . 67,406 shares changed hands during mid-day trading, a decline of 58% from the previous session’s volume of 160,154 shares.The stock last traded at $52.16 and had previously closed at $52.63.

MicroSectors FANG+ Index ETN Price Performance

The business’s 50-day moving average price is $46.46 and its 200-day moving average price is $43.06. The firm has a market capitalization of $38.35 billion, a PE ratio of 58.44 and a beta of 1.69.

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:FNGSFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 27,836 shares of the company’s stock, valued at approximately $1,051,000. Janney Montgomery Scott LLC owned approximately 1.16% of MicroSectors FANG+ Index ETN at the end of the most recent quarter.

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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