MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Trading Down 4.5% – What’s Next?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s share price fell 4.5% during trading on Tuesday . The company traded as low as $16.60 and last traded at $16.60. 20,028 shares were traded during mid-day trading, a decline of 81% from the average session volume of 104,935 shares. The stock had previously closed at $17.39.

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

The company has a 50 day moving average price of $18.45 and a two-hundred day moving average price of $21.44. The stock has a market cap of $9.90 billion, a PE 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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