MicroSectors FANG+ ETN (NYSEARCA:FNGS) Hits New 52-Week High – Here’s Why

Shares of MicroSectors FANG+ ETN (NYSEARCA:FNGS) reached a new 52-week high on Tuesday . The stock traded as high as $81.41 and last traded at $80.79, with a volume of 19406 shares traded. The stock had previously closed at $80.78.

MicroSectors FANG+ ETN Stock Down 0.6%

The stock has a market capitalization of $596.85 million, a price-to-earnings ratio of 35.17 and a beta of 1.32. The stock has a fifty day moving average of $74.71 and a 200-day moving average of $69.55.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC bought a new stake in MicroSectors FANG+ ETN (NYSEARCA:FNGS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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.