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

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) saw an uptick in trading volume on Friday . 318,673 shares traded hands during mid-day trading, an increase of 82% from the previous session’s volume of 174,961 shares.The stock last traded at $59.02 and had previously closed at $60.07.

MicroSectors FANG+ Index ETN Price Performance

The company has a market cap of $42.11 billion, a PE ratio of 58.44 and a beta of 1.69. The company has a 50-day moving average of $58.93 and a 200 day moving average of $53.57.

Institutional Inflows and Outflows

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

MicroSectors FANG+ Index 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.