MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Trading Down 4.8% – Here’s What Happened

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) shares fell 4.8% during mid-day trading on Friday . The stock traded as low as $175.45 and last traded at $176.33. 66,691 shares traded hands during trading, a decline of 51% from the average session volume of 136,304 shares. The stock had previously closed at $185.16.

MicroSectors FANG & Innovation 3x Leveraged ETN Price Performance

The company’s fifty day moving average price is $166.54 and its 200-day moving average price is $151.39. The stock has a market cap of $128.85 billion, a price-to-earnings ratio of 83.95 and a beta of 4.73.

About MicroSectors FANG & Innovation 3x Leveraged ETN

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The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.

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