MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Unusually-High Trading Volume – What’s Next?

MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report) saw strong trading volume on Wednesday . 67,195 shares were traded during trading, a decline of 58% from the previous session’s volume of 161,200 shares.The stock last traded at $53.37 and had previously closed at $54.03.

MicroSectors FANG+ Index ETN Stock Down 2.4 %

The business has a 50-day simple moving average of $51.28 and a 200-day simple moving average of $48.95. The company has a market cap of $38.48 billion, a PE ratio of 58.44 and a beta of 1.69.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC bought a new stake in MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 662 shares of the company’s stock, valued at approximately $33,000.

About MicroSectors FANG+ Index 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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