MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Trading Up 1.4% – Time to Buy?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s stock price rose 1.4% on Thursday . The stock traded as high as $2.87 and last traded at $2.82. Approximately 683,697 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 510,674 shares. The stock had previously closed at $2.78.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Up 1.4%

The stock has a market cap of $1.13 million, a P/E ratio of 29.43 and a beta of -4.47. The company’s 50 day moving average price is $3.11 and its two-hundred day moving average price is $4.73.

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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