MicroSectors FANG+ ETN (NYSEARCA:FNGS) Short Interest Update

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 79,725 shares, a growth of 43.2% from the December 31st total of 55,658 shares. Based on an average daily trading volume, of 78,575 shares, the short-interest ratio is presently 1.0 days. Approximately 1.1% of the company’s stock are short sold. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 78,575 shares, the short-interest ratio is presently 1.0 days.

MicroSectors FANG+ ETN Trading Down 0.0%

Shares of NYSEARCA:FNGS opened at $65.98 on Tuesday. The company’s 50 day moving average is $68.61 and its two-hundred day moving average is $68.65. The company has a market cap of $494.85 million, a PE ratio of 35.17 and a beta of 1.18. MicroSectors FANG+ ETN has a 52 week low of $42.50 and a 52 week high of $74.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC acquired a new stake in MicroSectors FANG+ ETN (NYSEARCA:FNGS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,183 shares of the company’s stock, valued at approximately $217,000.

About MicroSectors FANG+ ETN

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.