MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Large Volume Increase

Shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) saw unusually-strong trading volume on Monday . Approximately 240,709 shares were traded during mid-day trading, an increase of 45% from the previous session’s volume of 165,795 shares.The stock last traded at $48.93 and had previously closed at $48.61.

MicroSectors FANG+ Index ETN Stock Performance

The company’s 50 day simple moving average is $48.77 and its 200 day simple moving average is $45.33. The stock has a market cap of $36.10 billion, a PE ratio of 58.44 and a beta of 1.69.

Institutional Inflows and Outflows

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

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.