MicroSectors FANG+ ETN (NYSEARCA:FNGS) Shares Up 1.3% – Still a Buy?

MicroSectors FANG+ ETN (NYSEARCA:FNGS) shot up 1.3% on Monday . The stock traded as high as $65.00 and last traded at $64.82. 41,630 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 68,185 shares. The stock had previously closed at $64.00.

MicroSectors FANG+ ETN Stock Up 1.3%

The firm has a market cap of $486.15 million, a price-to-earnings ratio of 35.17 and a beta of 1.18. The company’s 50-day moving average price is $64.89 and its 200-day moving average price is $68.11.

Institutional Investors Weigh In On MicroSectors FANG+ ETN

An institutional investor recently bought a new position in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC purchased a new position in MicroSectors FANG+ ETN (NYSEARCA:FNGS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,183 shares of the company’s stock, valued at approximately $217,000.

MicroSectors FANG+ ETN Company Profile

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.