MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Reaches New 1-Year High – Here’s What Happened

MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $60.84 and last traded at $60.54, with a volume of 21114 shares. The stock had previously closed at $60.47.

MicroSectors FANG+ Index ETN Stock Performance

The firm’s 50-day simple moving average is $56.89 and its 200 day simple moving average is $51.93. The stock has a market capitalization of $44.09 billion, a P/E ratio of 58.44 and a beta of 1.69.

Institutional Investors Weigh In On MicroSectors FANG+ Index ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ Index ETN stock. Janney Montgomery Scott LLC bought a new stake in MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 51,215 shares of the company’s stock, valued at approximately $2,938,000.

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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