MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Gap Down to $30.31

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $30.31, but opened at $28.77. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $29.11, with a volume of 86,348 shares changing hands.

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

The stock has a fifty day simple moving average of $27.93 and a two-hundred day simple moving average of $39.20. The stock has a market capitalization of $20.78 billion, a price-to-earnings 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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