MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Trading Down 6% – Time to Sell?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) shares were down 6% on Monday . The company traded as low as $28.59 and last traded at $27.9470. Approximately 606,106 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 2,322,110 shares. The stock had previously closed at $29.72.

MicroSectors FANG & Innovation 3x Leveraged ETN Price Performance

The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 37.09 and a beta of 4.45. The stock has a 50-day moving average price of $21.15 and a 200 day moving average price of $24.90.

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.

Further Reading

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