MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Hits New 1-Year High – What’s Next?

MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $59.97 and last traded at $59.97, with a volume of 489 shares. The stock had previously closed at $58.93.

MicroSectors FANG+ Index ETN Stock Performance

The business’s 50 day moving average is $53.44 and its 200 day moving average is $50.14. The stock has a market cap of $43.43 billion, a price-to-earnings ratio of 58.44 and a beta of 1.69.

Hedge Funds Weigh In On MicroSectors FANG+ Index ETN

An institutional investor recently bought a new position in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC acquired a new position in MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 662 shares of the company’s stock, valued at approximately $33,000.

MicroSectors FANG+ Index ETN Company Profile

(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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