Significant Week-Over-Week Inflows for MicroSectors FANG+ ETN

In recent analysis of ETFs, the MicroSectors FANG+ Index 3X Leveraged ETN (Symbol: FNGB) stands out due to a substantial inflow of approximately $358.0 million. This marks a 32.7% week-over-week increase in outstanding units, rising from 56,500,000 to 75,000,000.

The below chart illustrates FNGB’s price performance over the past year, alongside its 200-day moving average:

As shown in the chart, FNGB’s lowest point in its 52-week range is $7.9502 per share, while the highest is $24.52. The most recent trade price stands at $19.04. Analyzing the share price in relation to the 200-day moving average offers valuable technical insights.

Exchange-traded funds (ETFs) function similarly to stocks, where investors buy and sell “units” instead of shares. These units can be traded like stocks, but they can also be created or destroyed based on investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs with significant inflows—indicating new units created—or outflows—implying existing units destroyed. The creation of new units typically means that the underlying assets of the ETF need to be acquired, while the destruction of units necessitates the sale of those assets, which can influence the individual components held within ETFs.

Find out which 9 other ETFs had notable inflows »

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The views expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.