MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Large Volume Increase – Here’s Why

Shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGSGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 67,195 shares traded hands during trading, a decline of 58% from the previous session’s volume of 161,200 shares.The stock last traded at $53.37 and had previously closed at $54.03.

MicroSectors FANG+ Index ETN Stock Down 1.5 %

The company has a 50-day moving average of $51.45 and a 200 day moving average of $49.01. The firm has a market capitalization of $38.80 billion, a PE ratio of 58.44 and a beta of 1.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC purchased a new position in MicroSectors FANG+ Index ETN (NYSEARCA:FNGSFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 662 shares of the company’s stock, valued at approximately $33,000.

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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