MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Strong Trading Volume – Here’s Why

MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report) saw unusually-high trading volume on Monday . Approximately 49,644 shares were traded during trading, a decline of 43% from the previous session’s volume of 87,468 shares.The stock last traded at $59.03 and had previously closed at $58.07.

MicroSectors FANG+ Index ETN Trading Down 0.3 %

The firm has a market cap of $42.15 billion, a P/E ratio of 58.44 and a beta of 1.69. The business’s fifty day simple moving average is $55.64 and its 200-day simple moving average is $51.31.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC bought a new stake in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 662 shares of the company’s stock, valued at approximately $33,000.

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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