MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Hits New 52-Week High – Here’s What Happened

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) shares hit a new 52-week high during trading on Friday . The company traded as high as $61.04 and last traded at $61.04, with a volume of 761391 shares trading hands. The stock had previously closed at $60.17.

MicroSectors FANG+ Index ETN Price Performance

The company has a market capitalization of $44.51 billion, a price-to-earnings ratio of 58.44 and a beta of 1.69. The business has a fifty day moving average price of $58.49 and a 200 day moving average price of $52.87.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MicroSectors FANG+ Index ETN stock. Marshall Wace LLP grew its holdings in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) by 115.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,029 shares of the company’s stock after purchasing an additional 11,275 shares during the period. Marshall Wace LLP’s holdings in MicroSectors FANG+ Index ETN were worth $1,206,000 at the end of the most recent reporting period.

About MicroSectors FANG+ Index 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.