MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Trading Up 4.4% – Here’s Why

by · The Markets Daily

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ – Get Free Report) shot up 4.4% during mid-day trading on Tuesday . The stock traded as high as $13.95 and last traded at $13.88. 175,157 shares changed hands during trading, an increase of 66% from the average session volume of 105,348 shares. The stock had previously closed at $13.30.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Up 2.7 %

The stock has a market cap of $10.26 billion, a P/E ratio of 34.87 and a beta of -4.76. The company’s 50 day moving average price is $17.67 and its 200-day moving average price is $20.83.

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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