MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Reaches New 52-Week Low – Here’s What Happened

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.20 and last traded at $15.20, with a volume of 21075 shares traded. The stock had previously closed at $16.53.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Down 0.7 %

The stock’s 50-day moving average price is $18.16 and its 200 day moving average price is $21.25. The company has a market cap of $9.83 billion, a P/E ratio of 34.87 and a beta of -4.76.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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The MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) is an exchange-traded fund that is based on the Solactive FANG Innovation index. The fund tracks -3x the daily price movements of an equal-weighted index of US-listed technology companies. BERZ was launched on Aug 20, 2021 and is issued by REX Microsectors.

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