MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Price Up 6.1% – Time to Buy?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) shot up 6.1% during mid-day trading on Wednesday . The stock traded as high as $14.99 and last traded at $14.99. 12,656 shares traded hands during trading, a decline of 88% from the average session volume of 103,529 shares. The stock had previously closed at $14.13.

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

The firm has a fifty day moving average of $16.33 and a 200 day moving average of $19.87. The firm has a market capitalization of $10.75 billion, a PE ratio of 34.87 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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