MicroSectors FANG+ ETN (NYSEARCA:FNGS) Reaches New 1-Year High – Time to Buy?

MicroSectors FANG+ ETN (NYSEARCA:FNGS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.22 and last traded at $76.10, with a volume of 15118 shares trading hands. The stock had previously closed at $74.56.

MicroSectors FANG+ ETN Stock Performance

The company has a market capitalization of $573.68 million, a P/E ratio of 35.17 and a beta of 1.29. The business’s fifty day simple moving average is $67.29 and its 200-day simple moving average is $67.19.

Institutional Trading of MicroSectors FANG+ ETN

An institutional investor recently bought a new position in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC bought a new stake in shares of MicroSectors FANG+ ETN (NYSEARCA:FNGS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,183 shares of the company’s stock, valued at approximately $217,000.

MicroSectors FANG+ ETN Company Profile

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.