MicroSectors FANG+ ETN (NYSEARCA:FNGS) Reaches New 12-Month High – Should You Buy?

MicroSectors FANG+ ETN (NYSEARCA:FNGSGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $74.77 and last traded at $74.3680, with a volume of 8016 shares traded. The stock had previously closed at $74.35.

MicroSectors FANG+ ETN Stock Up 0.5%

The business’s 50-day moving average price is $64.73 and its 200-day moving average price is $66.99. The firm has a market capitalization of $560.58 million, a PE ratio of 35.17 and a beta of 1.29.

Hedge Funds Weigh In On MicroSectors FANG+ ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC purchased a new stake in MicroSectors FANG+ ETN (NYSEARCA:FNGSFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,183 shares of the company’s stock, valued at approximately $217,000.

About MicroSectors FANG+ ETN

(Get Free Report)

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.

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