MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Reaches New 12-Month High at $49.98

Shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $49.98 and last traded at $49.62, with a volume of 62514 shares. The stock had previously closed at $49.48.

MicroSectors FANG+ Index ETN Stock Down 0.7 %

The company has a market cap of $35.83 billion, a PE ratio of 58.44 and a beta of 1.69. The business has a 50-day simple moving average of $45.14 and a 200-day simple moving average of $42.35.

Hedge Funds Weigh In On MicroSectors FANG+ Index ETN

An institutional investor recently bought a new position in MicroSectors FANG+ Index ETN stock. Janney Montgomery Scott LLC purchased a new position in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,836 shares of the company’s stock, valued at approximately $1,051,000. Janney Montgomery Scott LLC owned approximately 1.16% of MicroSectors FANG+ Index ETN at the end of the most recent quarter.

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.