MicroSectors FANG+ ETN (NYSEARCA:FNGS) Hits New 12-Month High – Here’s Why

MicroSectors FANG+ ETN (NYSEARCA:FNGSGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $80.80 and last traded at $80.65, with a volume of 4341 shares changing hands. The stock had previously closed at $79.73.

MicroSectors FANG+ ETN Stock Performance

The business’s 50 day moving average price is $74.66 and its 200-day moving average price is $69.14. The company has a market cap of $595.73 million, a price-to-earnings ratio of 35.17 and a beta of 1.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC acquired a new position in shares of MicroSectors FANG+ ETN (NYSEARCA:FNGSFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,183 shares of the company’s stock, valued at approximately $217,000.

MicroSectors FANG+ ETN Company Profile

(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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