MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Strong Trading Volume – Here’s What Happened

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) shares saw unusually-strong trading volume on Friday . Approximately 318,673 shares changed hands during trading, an increase of 82% from the previous session’s volume of 174,961 shares.The stock last traded at $59.02 and had previously closed at $60.07.

MicroSectors FANG+ Index ETN Stock Down 3.8 %

The stock has a fifty day moving average of $58.95 and a 200-day moving average of $53.41. The firm has a market capitalization of $42.16 billion, a P/E ratio of 58.44 and a beta of 1.69.

Institutional Trading of MicroSectors FANG+ Index ETN

An institutional investor recently raised its position in MicroSectors FANG+ Index ETN stock. Marshall Wace LLP increased its stake in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) by 115.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,029 shares of the company’s stock after acquiring an additional 11,275 shares during the period. Marshall Wace LLP’s holdings in MicroSectors FANG+ Index ETN were worth $1,206,000 as of its most recent filing with the SEC.

MicroSectors FANG+ Index ETN Company Profile

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.