MicroSectors FANG+ ETN (NYSEARCA:FNGS) Stock Short Interest Rises 150.6%

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 128,519 shares, an increase of 150.6% from the September 15th total of 51,275 shares. Based on an average trading volume of 39,784 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.7% of the company’s shares are sold short.

MicroSectors FANG+ ETN Stock Down 0.2%

Shares of FNGS stock traded down $0.16 during trading hours on Monday, hitting $84.06. 19,573 shares of the company’s stock traded hands, compared to its average volume of 41,394. The stock’s 50 day simple moving average is $80.89 and its 200 day simple moving average is $74.79. The stock has a market cap of $630.45 million, a PE ratio of 35.17 and a beta of 1.33. MicroSectors FANG+ ETN has a 12 month low of $56.70 and a 12 month high of $84.95.

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.