MicroSectors FANG+ ETN (NYSEARCA:FNGS) Reaches New 1-Year High – Time to Buy?

MicroSectors FANG+ ETN (NYSEARCA:FNGSGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.22 and last traded at $76.10, with a volume of 15118 shares changing hands. The stock had previously closed at $74.56.

MicroSectors FANG+ ETN Trading Up 2.6%

The business’s 50 day moving average is $67.29 and its 200 day moving average is $67.19. The stock has a market capitalization of $573.68 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 position in shares of MicroSectors FANG+ ETN (NYSEARCA:FNGSFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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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