MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Trading Up 3.1% – Still a Buy?

Posted by Caroline Horne on Mar 16th, 2025

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Get Free Report) shares shot up 3.1% on Friday . The stock traded as high as $52.13 and last traded at $52.10. 250,469 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 156,433 shares. The stock had previously closed at $50.53.

MicroSectors FANG+ Index ETN Stock Up 3.1 %

The company’s fifty day simple moving average is $57.39 and its two-hundred day simple moving average is $54.18. The company has a market capitalization of $390.75 million, a price-to-earnings ratio of 39.44 and a beta of 1.22.

Institutional Investors Weigh In On MicroSectors FANG+ Index ETN

An institutional investor recently raised its position in MicroSectors FANG+ Index ETN stock. Marshall Wace LLP increased its stake in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Free Report) by 115.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,029 shares of the company’s stock after acquiring an additional 11,275 shares during the period. Marshall Wace LLP’s holdings in MicroSectors FANG+ Index ETN were worth $1,206,000 as of its most recent SEC filing.

MicroSectors FANG+ Index ETN Company Profile

(Get Free Report)

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.