MicroSectors FANG+ ETN (NYSEARCA:FNGS) Shares Shorted: Short Interest Up 150.6% in September

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the recipient of a significant increase in short interest in 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. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 39,784 shares, the short-interest ratio is presently 3.2 days.

MicroSectors FANG+ ETN Trading Down 2.2%

NYSEARCA:FNGS traded down $1.89 during trading hours on Wednesday, hitting $82.24. The company’s stock had a trading volume of 63,368 shares, compared to its average volume of 41,414. The stock has a market capitalization of $616.80 million, a P/E ratio of 35.17 and a beta of 1.33. The stock has a fifty day moving average of $81.18 and a 200-day moving average of $75.28. MicroSectors FANG+ ETN has a 52-week low of $56.70 and a 52-week 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.