MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Gap Down – Time to Sell?

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $14.45, but opened at $13.64. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $13.27, with a volume of 41,445 shares.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Performance

The company has a market cap of $9.34 billion, a P/E ratio of 41.53 and a beta of -4.76. The business’s fifty day moving average is $12.74 and its two-hundred day moving average is $14.46.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Company Profile

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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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