MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Price Down 4.6% – Here’s What Happened

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) shares dropped 4.6% during trading on Wednesday . The company traded as low as $12.31 and last traded at $12.38. Approximately 38,469 shares were traded during trading, a decline of 75% from the average daily volume of 153,898 shares. The stock had previously closed at $12.98.

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

The firm has a market cap of $8.94 billion, a P/E ratio of 34.87 and a beta of -4.76. The company’s 50 day moving average is $12.07 and its two-hundred day moving average is $15.40.

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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