MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Shares Gap Up – Still a Buy?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $41.05, but opened at $43.80. MicroSectors FANG & Innovation 3x Leveraged ETN shares last traded at $43.0180, with a volume of 243,517 shares changing hands.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Down 6.7%

The company’s fifty day moving average is $35.85 and its two-hundred day moving average is $28.22. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 37.09 and a beta of 4.92.

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.

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