MicroSectors FANG+ ETN (NYSEARCA:FNGS) Stock Price Up 0.4% – Still a Buy?

MicroSectors FANG+ ETN (NYSEARCA:FNGS)’s stock price rose 0.4% during trading on Monday . The company traded as high as $61.88 and last traded at $61.17. Approximately 27,930 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 61,633 shares. The stock had previously closed at $60.94.

MicroSectors FANG+ ETN Price Performance

The stock has a market cap of $458.78 million, a price-to-earnings ratio of 35.17 and a beta of 1.18. The stock’s 50-day moving average is $62.61 and its 200 day moving average is $67.22.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC bought a new stake in MicroSectors FANG+ ETN (NYSEARCA:FNGS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 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.