MicroSectors FANG+ ETN (NYSEARCA:FNGS) Shares Up 0.4% – Still a Buy?

MicroSectors FANG+ ETN (NYSEARCA:FNGS)’s share price shot up 0.4% during mid-day trading on Monday . The company traded as high as $61.88 and last traded at $61.17. 27,930 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 61,633 shares. The stock had previously closed at $60.94.

MicroSectors FANG+ ETN Stock Up 2.6%

The stock has a fifty day moving average of $62.49 and a 200-day moving average of $67.15. The firm has a market capitalization of $474.83 million, a P/E ratio of 35.17 and a beta of 1.22.

Institutional Inflows and Outflows

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

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.