MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Price Up 2.7% – Still a Buy?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) shares rose 2.7% on Friday . The company traded as high as $15.38 and last traded at $15.04. Approximately 93,012 shares were traded during trading, a decline of 27% from the average daily volume of 126,653 shares. The stock had previously closed at $14.64.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Down 0.2 %

The business’s 50 day moving average price is $12.78 and its two-hundred day moving average price is $14.76. The stock has a market cap of $10.65 billion, a P/E ratio of 41.53 and a beta of -4.76.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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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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