MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Reaches New 1-Year High – Here’s What Happened

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $61.04 and last traded at $61.04, with a volume of 761391 shares changing hands. The stock had previously closed at $60.17.

MicroSectors FANG+ Index ETN Stock Up 0.5 %

The company has a market capitalization of $44.72 billion, a price-to-earnings ratio of 58.44 and a beta of 1.69. The stock’s fifty day moving average price is $58.67 and its 200-day moving average price is $53.02.

Institutional Investors 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 bought a new position in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 51,215 shares of the company’s stock, valued at approximately $2,938,000.

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.