MicroSectors FANG+ ETN (NYSEARCA:FNGS) Short Interest Up 53.6% in August

MicroSectors FANG+ ETN (NYSEARCA:FNGS – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 61,849 shares, an increase of 53.6% from the July 30th total of 40,275 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 25,800 shares, the short-interest ratio is presently 2.4 days.

MicroSectors FANG+ ETN Price Performance

Shares of MicroSectors FANG+ ETN stock traded down $0.55 during trading on Tuesday, hitting $80.12. 2,833 shares of the stock were exchanged, 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 firm’s 50-day moving average price is $76.09 and its 200 day moving average price is $70.87. MicroSectors FANG+ ETN has a 12-month low of $56.70 and a 12-month high of $81.81.

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About MicroSectors FANG+ ETN

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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.

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