MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Price Up 14.3% – Time to Buy?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) shares were up 14.3% on Thursday . The stock traded as high as $17.73 and last traded at $17.55. Approximately 63,111 shares changed hands during trading, a decline of 52% from the average daily volume of 132,325 shares. The stock had previously closed at $15.35.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Up 22.1 %

The firm’s 50 day simple moving average is $13.44 and its 200 day simple moving average is $14.29. The firm has a market cap of $16.29 billion, a PE ratio of 46.28 and a beta of -4.76.

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

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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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