MicroSectors FANG+ ETN (NYSEARCA:FNGS) Short Interest Update

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 61,849 shares, a growth of 53.6% from the July 30th total of 40,275 shares. Based on an average daily volume of 25,800 shares, the short-interest ratio is currently 2.4 days. Currently, 0.8% of the shares of the stock are sold short.

MicroSectors FANG+ ETN Stock Up 0.5%

NYSEARCA:FNGS traded up $0.41 on Wednesday, reaching $80.14. The stock had a trading volume of 1,302 shares, compared to its average volume of 43,432. The company has a market capitalization of $601.08 million, a P/E ratio of 35.17 and a beta of 1.32. MicroSectors FANG+ ETN has a 1-year low of $56.70 and a 1-year high of $81.81. The stock has a fifty day moving average price of $76.24 and a 200-day moving average price of $70.99.

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.