MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Strong Trading Volume – Here’s Why

Shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) saw strong trading volume on Tuesday . 404,754 shares were traded during trading, an increase of 149% from the previous session’s volume of 162,621 shares.The stock last traded at $51.98 and had previously closed at $51.08.

MicroSectors FANG+ Index ETN Stock Down 3.2 %

The stock’s 50-day moving average price is $49.16 and its 200 day moving average price is $47.52. The company has a market cap of $36.64 billion, a P/E ratio of 58.44 and a beta of 1.69.

Institutional Investors Weigh In On MicroSectors FANG+ Index ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC bought a new position in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 662 shares of the company’s stock, valued at approximately $33,000.

About MicroSectors FANG+ Index ETN

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.