MicroSectors FANG+ ETN (NYSEARCA:FNGS) Sees Significant Increase in Short Interest

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 126,400 shares, a growth of 46.8% from the September 15th total of 86,100 shares. Based on an average daily trading volume, of 107,300 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 107,300 shares, the short-interest ratio is presently 1.2 days.

MicroSectors FANG+ ETN Stock Up 1.1%

Shares of FNGS opened at $71.12 on Friday. The stock has a market capitalization of $533.40 million, a P/E ratio of 35.17 and a beta of 1.18. The firm has a fifty day simple moving average of $68.80 and a two-hundred day simple moving average of $63.05. MicroSectors FANG+ ETN has a twelve month low of $42.50 and a twelve month high of $71.69.

MicroSectors FANG+ 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.