MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Reaches New 1-Year Low – Here’s What Happened

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $11.65 and last traded at $11.65, with a volume of 12068 shares traded. The stock had previously closed at $11.93.

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

The firm’s 50-day moving average price is $15.05 and its 200-day moving average price is $18.80. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 34.87 and a beta of -4.76.

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

(Get Free Report)

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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