MicroSectors FANG+ ETN (NYSEARCA:FNGS) Sets New 52-Week High – What’s Next?

MicroSectors FANG+ ETN (NYSEARCA:FNGSGet Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $76.22 and last traded at $76.10, with a volume of 15118 shares trading hands. The stock had previously closed at $74.56.

MicroSectors FANG+ ETN Stock Up 1.0%

The stock has a market cap of $582.98 million, a PE ratio of 35.17 and a beta of 1.29. The firm has a 50 day moving average price of $67.85 and a 200 day moving average price of $67.27.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC bought a new position in shares of MicroSectors FANG+ ETN (NYSEARCA:FNGSFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,183 shares of the company’s stock, valued at approximately $217,000.

About MicroSectors FANG+ 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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