MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Stock Price Down 0.8%

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) was down 0.8% on Wednesday . The company traded as low as $41.99 and last traded at $42.21. Approximately 84,471 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 178,634 shares. The stock had previously closed at $42.56.

MicroSectors FANG+ Index ETN Price Performance

The stock’s fifty day simple moving average is $42.96 and its two-hundred day simple moving average is $38.40.

Institutional Investors Weigh In On MicroSectors FANG+ Index ETN

An institutional investor recently bought a new position in MicroSectors FANG+ Index ETN stock. Marshall Wace LLP acquired a new position in shares of MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,846 shares of the company’s stock, valued at approximately $365,000. Marshall Wace LLP owned 0.45% of MicroSectors FANG+ Index ETN at the end of the most recent quarter.