MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ – Get Free Report) traded up 6.4% during mid-day trading on Thursday . The stock traded as high as $10.94 and last traded at $10.72. 56,438 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 142,259 shares. The stock had previously closed at $10.08.
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Performance
The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 34.87 and a beta of -4.76. The firm’s 50-day simple moving average is $12.03 and its 200-day simple moving average is $15.87.
About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN
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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