MicroSectors FANG+ ETN (NYSEARCA:FNGS) Short Interest Down 42.8% in January

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 45,575 shares, a decrease of 42.8% from the January 15th total of 79,725 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 69,625 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 69,625 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the company’s stock are sold short.

MicroSectors FANG+ ETN Price Performance

NYSEARCA:FNGS traded up $0.05 during mid-day trading on Friday, reaching $61.26. The stock had a trading volume of 62,383 shares, compared to its average volume of 77,519. The company has a market capitalization of $459.45 million, a price-to-earnings ratio of 35.17 and a beta of 1.18. MicroSectors FANG+ ETN has a 1-year low of $42.50 and a 1-year high of $74.43. The stock’s 50 day simple moving average is $67.08 and its two-hundred day simple moving average is $68.45.

Institutional Investors Weigh In On MicroSectors FANG+ ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC purchased a new stake in shares of MicroSectors FANG+ ETN (NYSEARCA:FNGS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,183 shares of the company’s stock, valued at approximately $217,000.

About MicroSectors FANG+ 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.