Short Interest in MicroSectors FANG+ ETN (NYSEARCA:FNGS) Decreases By 17.7%

MicroSectors FANG+ ETN (NYSEARCA:FNGS) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 40,957 shares, a drop of 17.7% from the February 12th total of 49,770 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 44,115 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 44,115 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC purchased a new position in shares of MicroSectors FANG+ ETN (NYSEARCA:FNGS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,183 shares of the company’s stock, valued at approximately $217,000.

MicroSectors FANG+ ETN Stock Performance

Shares of MicroSectors FANG+ ETN stock traded up $0.75 during trading on Monday, reaching $63.26. 68,869 shares of the company’s stock were exchanged, compared to its average volume of 66,757. MicroSectors FANG+ ETN has a 1-year low of $42.50 and a 1-year high of $74.43. The company has a market cap of $474.45 million, a P/E ratio of 35.17 and a beta of 1.18. The firm’s 50-day moving average price is $64.49 and its 200 day moving average price is $68.03.

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.