MicroSectors FANG+ ETN (NYSEARCA:FNGS) Shares Down 6% – Should You Sell?

MicroSectors FANG+ ETN (NYSEARCA:FNGS – Get Free Report) shares dropped 6% on Thursday. The stock traded as low as $71.12 and last traded at $71.78. 71,907 shares changed hands during trading, an increase of 75% from the average daily volume of 41,007 shares. The stock had previously closed at $76.40.

MicroSectors FANG+ ETN Stock Performance

The stock has a 50 day simple moving average of $80.73 and a two-hundred day simple moving average of $72.77. The firm has a market cap of $538.35 million, a PE ratio of 35.17 and a beta of 1.34.

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.

Further Reading

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