MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Trading Down 5.6% – Here’s What Happened

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) was down 5.6% during trading on Friday . The stock traded as low as $44.50 and last traded at $44.91. Approximately 211,787 shares traded hands during trading, an increase of 35% from the average daily volume of 156,331 shares. The stock had previously closed at $47.57.

MicroSectors FANG+ Index ETN Trading Down 5.6 %

The firm has a market capitalization of $336.83 million, a PE ratio of 36.03 and a beta of 1.22. The firm’s fifty day moving average price is $55.24 and its 200 day moving average price is $54.52.

Institutional Investors Weigh In On MicroSectors FANG+ Index ETN

An institutional investor recently raised its position in MicroSectors FANG+ Index ETN stock. Marshall Wace LLP grew its stake in MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) by 115.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,029 shares of the company’s stock after buying 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.

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.