MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Unusually-High Trading Volume – Still a Buy?

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) saw unusually-high trading volume on Wednesday . Approximately 67,195 shares traded hands during mid-day 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 Performance

The firm has a market capitalization of $38.80 billion, a P/E ratio of 58.44 and a beta of 1.69. The firm has a 50 day simple moving average of $51.45 and a two-hundred day simple moving average of $49.01.

Institutional Inflows and Outflows

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

MicroSectors FANG+ Index 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.