MicroSectors FANG+ ETN (NYSEARCA:FNGS) Short Interest Down 42.8% in January

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 45,575 shares, a decline of 42.8% from the January 15th total of 79,725 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 69,625 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 69,625 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

MicroSectors FANG+ ETN Price Performance

FNGS stock traded up $0.05 during trading on Friday, reaching $61.26. The company had a trading volume of 62,383 shares, compared to its average volume of 77,519. MicroSectors FANG+ ETN has a 52 week low of $42.50 and a 52 week high of $74.43. The business has a 50 day moving average of $67.08 and a 200 day moving average of $68.47. The company has a market cap of $459.45 million, a P/E ratio of 35.17 and a beta of 1.18.

Institutional Investors Weigh In On MicroSectors FANG+ ETN

A hedge fund recently bought a new stake 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 the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.