MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Price Down 14.9% – What’s Next?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) shares were down 14.9% during trading on Tuesday . The stock traded as low as $67.82 and last traded at $67.89. Approximately 68,227 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 98,801 shares. The stock had previously closed at $79.75.

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

The firm has a market capitalization of $1.36 million, a PE ratio of 29.43 and a beta of -4.47. The company’s fifty day moving average price is $61.68 and its two-hundred day moving average price is $61.34.

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.