MicroSectors FANG+ ETN (NYSEARCA:FNGS) Short Interest Down 17.7% in February

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 40,957 shares, a decrease of 17.7% from the February 12th total of 49,770 shares. Based on an average daily volume of 44,115 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 44,115 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On MicroSectors FANG+ ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC acquired a new stake in MicroSectors FANG+ ETN (NYSEARCA:FNGS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,183 shares of the company’s stock, valued at approximately $217,000.

MicroSectors FANG+ ETN Trading Up 0.5%

FNGS traded up $0.29 during midday trading on Tuesday, reaching $63.55. The company’s stock had a trading volume of 43,938 shares, compared to its average volume of 66,240. The company has a fifty day simple moving average of $64.49 and a 200 day simple moving average of $68.03. The stock has a market cap of $476.63 million, a P/E ratio of 35.17 and a beta of 1.18. MicroSectors FANG+ ETN has a twelve month low of $42.50 and a twelve month high of $74.43.

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.