MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Hits New 52-Week Low – What’s Next?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $10.71 and last traded at $10.72, with a volume of 184533 shares. The stock had previously closed at $11.05.

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

The business has a fifty day simple moving average of $12.37 and a 200 day simple moving average of $16.40. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 34.87 and a beta of -4.76.

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

(Get Free Report)

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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