MicroSectors FANG+ ETN (NYSEARCA:FNGS – Get Free Report)’s stock price was down 2% during trading on Thursday . The stock traded as low as $72.27 and last traded at $72.79. 27,126 shares changed hands during trading, a decline of 43% from the average daily volume of 47,899 shares. The stock had previously closed at $74.25.
MicroSectors FANG+ ETN Price Performance
The firm’s 50 day simple moving average is $74.61 and its 200-day simple moving average is $68.65. The company has a market cap of $542.10 million, a price-to-earnings ratio of 35.17 and a beta of 1.32.
Institutional Investors Weigh In On MicroSectors FANG+ ETN
A hedge fund recently bought a new position in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC purchased a new stake in MicroSectors FANG+ ETN (NYSEARCA:FNGS – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. 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.
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