MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Gap Up – Time to Buy?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $14.87, but opened at $15.93. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $16.61, with a volume of 61,995 shares changing hands.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Up 12.0 %

The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 14.84 and a beta of -4.76. The firm’s 50 day moving average is $12.37 and its two-hundred day moving average is $15.01.

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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