MicroSectors FANG+ ETN (NYSEARCA:FNGS) Stock Short Interest Rises 150.6%

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 128,519 shares, a growth of 150.6% from the September 15th total of 51,275 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 39,784 shares, the short-interest ratio is presently 3.2 days.

MicroSectors FANG+ ETN Trading Down 0.2%

FNGS traded down $0.16 on Monday, reaching $84.06. The stock had a trading volume of 19,573 shares, compared to its average volume of 41,394. The company has a market capitalization of $630.45 million, a price-to-earnings ratio of 35.17 and a beta of 1.33. MicroSectors FANG+ ETN has a fifty-two week low of $56.70 and a fifty-two week high of $84.95. The firm has a 50-day moving average of $80.89 and a 200-day moving average of $74.79.

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.