Short Interest in MicroSectors FANG+ ETN (NYSEARCA:FNGS) Decreases By 17.7%

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 40,957 shares, a decline of 17.7% from the February 12th total of 49,770 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 44,115 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 44,115 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s shares are sold short.

MicroSectors FANG+ ETN Stock Performance

Shares of NYSEARCA:FNGS traded up $0.75 during trading on Monday, reaching $63.26. The stock had a trading volume of 68,869 shares, compared to its average volume of 66,757. MicroSectors FANG+ ETN has a 52 week low of $42.50 and a 52 week high of $74.43. The firm’s fifty day moving average is $64.49 and its 200 day moving average is $68.03. The stock has a market cap of $474.45 million, a price-to-earnings ratio of 35.17 and a beta of 1.18.

Institutional Trading of MicroSectors FANG+ ETN

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

MicroSectors FANG+ 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.