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

MicroSectors FANG+ ETN (NYSEARCA:FNGS) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 61,849 shares, a growth of 53.6% from the July 30th total of 40,275 shares. Based on an average trading volume of 25,800 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.8% of the shares of the company are short sold.

MicroSectors FANG+ ETN Price Performance

Shares of FNGS stock traded down $0.55 during midday trading on Tuesday, hitting $80.12. The company had a trading volume of 2,833 shares, compared to its average volume of 43,481. The stock has a market cap of $600.87 million, a price-to-earnings ratio of 35.17 and a beta of 1.32. The company’s 50 day simple moving average is $76.09 and its 200 day simple moving average is $70.87. MicroSectors FANG+ ETN has a 52-week low of $56.70 and a 52-week high of $81.81.

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.