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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $13.80, but opened at $14.96. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $14.73, with a volume of 78,835 shares traded.

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

The firm has a market cap of $11.29 billion, a PE ratio of 46.28 and a beta of -4.76. The company has a 50-day simple moving average of $14.48 and a 200-day simple moving average of $14.17.

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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