MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Down 8.2% – Here’s What Happened

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ)’s share price was down 8.2% during mid-day trading on Wednesday . The stock traded as low as $36.61 and last traded at $36.64. Approximately 44,086 shares traded hands during trading, a decline of 53% from the average daily volume of 92,814 shares. The stock had previously closed at $39.91.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Down 8.2%

The stock has a market capitalization of $12.82 million, a PE ratio of 29.43 and a beta of -4.43. The company’s 50 day simple moving average is $59.44 and its 200 day simple moving average is $58.80.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Company Profile

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.