MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sets New 1-Year High – Here’s Why

MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $54.20 and last traded at $54.18, with a volume of 28911 shares traded. The stock had previously closed at $54.14.

MicroSectors FANG+ Index ETN Price Performance

The firm has a market capitalization of $39.34 billion, a P/E ratio of 58.44 and a beta of 1.69. The firm’s 50 day simple moving average is $50.16 and its two-hundred day simple moving average is $48.27.

Hedge Funds Weigh In On MicroSectors FANG+ Index ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC acquired a new stake in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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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