Short Interest in MicroSectors FANG+ ETN (NYSEARCA:FNGS) Rises By 43.2%

MicroSectors FANG+ ETN (NYSEARCA:FNGS) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 79,725 shares, a growth of 43.2% from the December 31st total of 55,658 shares. Based on an average daily volume of 78,575 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.1% of the shares of the company are sold short. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 78,575 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of MicroSectors FANG+ ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC bought a new position in shares of MicroSectors FANG+ ETN (NYSEARCA:FNGS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,183 shares of the company’s stock, valued at approximately $217,000.

MicroSectors FANG+ ETN Stock Performance

FNGS stock opened at $65.99 on Friday. MicroSectors FANG+ ETN has a 52 week low of $42.50 and a 52 week high of $74.43. The company has a market capitalization of $494.93 million, a PE ratio of 35.17 and a beta of 1.18. The company’s 50-day simple moving average is $68.70 and its 200 day simple moving average is $68.61.

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.