MicroSectors FANG+ ETN (FNGS)Technology | Exchange Traded Fund | NYSEArca
75.12 USD
-0.38
(-0.503%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 74.99 -0.13 (-0.130%) ⇩ (July 13, 2026, 7:55 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 5:46 a.m. EDT
The long-term investment case remains exceptionally strong, driven by a five-year cumulative gain of over 200% and a trajectory of four consecutive positive annual returns. The underlying business quality is unambiguously excellent, having captured the full arc of the tech supercycle without showing signs of structural deterioration. However, the short-term outlook faces severe headwinds from extreme speculative positioning. The options market is screaming caution, with a massive buildup of deep out-of-the-money puts indicating a fear of a violent repricing or a bubble burst. While the statistical forecast offers a modest upward lean, it is likely insufficient to overcome the gravity of the speculative short interest. Investors should view this as a high-quality asset currently priced for perfection, where any minor miss in the 'Magnificent Seven' narrative could trigger the downside protection currently being bought by the crowd. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.066359 |
| MSTL_126 | 0.072782 |
| MSTL_79_126 | 0.079200 |
| MSTL | 0.079513 |
| AutoARIMA | 0.083311 |
| AutoETS | 0.083314 |
| MSTL_79 | 0.086480 |
Forecast horizon: 60 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 1.67 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.131 |
| Excess Kurtosis | -0.03 |
| Attribute | Value |
|---|---|
| Trailing P/E | 30.28 |
As of July 11, 2026, 5:46 a.m. EDT: Speculators are positioning for a significant downside gap, evidenced by massive open interest and volume spikes in deep out-of-the-money puts (strikes 30-50) expiring in September and December, while call activity remains sparse and concentrated near the money. This heavy put skew suggests a fear of a sharp correction or a 'blow-off top' scenario, despite the underlying asset being at an all-time high.
| Attribute | Value |
|---|---|
| All Time High | 80.76 |
| All Time Low | 10.8625 |
| Ask | 0.0 |
| Ask Size | 1,800 |
| Average Daily Volume10 Day | 31,260 |
| Average Daily Volume3 Month | 36,796 |
| Average Volume | 36,796 |
| Average Volume10Days | 31,260 |
| Beta3 Year | 1.36 |
| Bid | 0.0 |
| Bid Size | 1,000 |
| Category | Technology |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 75.5 |
| Day Low | 74.75 |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,748,433,600 |
| Earnings Call Timestamp Start | 1,748,433,600 |
| Earnings Timestamp End | 1,756,470,600 |
| Earnings Timestamp Start | 1,756,125,000 |
| Eps Trailing Twelve Months | 2.4810271 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 74.13824 |
| Fifty Day Average Change | 0.98176575 |
| Fifty Day Average Change Percent | 0.013242367 |
| Fifty Two Week Change Percent | 17.072414 |
| Fifty Two Week High | 80.76 |
| Fifty Two Week High Change | -5.6399994 |
| Fifty Two Week High Change Percent | -0.06983654 |
| Fifty Two Week Low | 56.7 |
| Fifty Two Week Low Change | 18.420002 |
| Fifty Two Week Low Change Percent | 0.32486776 |
| Fifty Two Week Range | 56.7 - 80.76 |
| First Trade Date Milliseconds | 1,573,655,400,000 |
| Five Year Average Return | 0.18892401 |
| Full Exchange Name | NYSEArca |
| Fund Family | BMO Capital Markets |
| Fund Inception Date | 1,573,516,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50. |
| Long Name | MicroSectors FANG+ ETN |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_644168140 |
| Nav Price | 75.33608 |
| Net Assets | 545,840,450.0 |
| Net Expense Ratio | 0.58 |
| Open | 74.92 |
| Post Market Change | -0.13000488 |
| Post Market Change Percent | -0.17306294 |
| Post Market Price | 74.99 |
| Post Market Time | 1,783,986,935 |
| Previous Close | 75.5 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.379997 |
| Regular Market Change Percent | -0.503308 |
| Regular Market Day High | 75.5 |
| Regular Market Day Low | 74.75 |
| Regular Market Day Range | 74.75 - 75.5 |
| Regular Market Open | 74.92 |
| Regular Market Previous Close | 75.5 |
| Regular Market Price | 75.12 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 22,497 |
| Short Name | MicroSectors FANG ETNs due Jan |
| Source Interval | 15 |
| Symbol | FNGS |
| Three Year Average Return | 0.30797002 |
| Total Assets | 545,840,448 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 30.277784 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 21.99241 |
| Trailing Three Month Returns | 21.99241 |
| Triggerable | 1 |
| Two Hundred Day Average | 68.95513 |
| Two Hundred Day Average Change | 6.164871 |
| Two Hundred Day Average Change Percent | 0.0894041 |
| Type Disp | ETF |
| Volume | 22,497 |
| Yield | 0.0 |
| Ytd Return | 6.8266 |