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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.43, but opened at $7.63. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $7.68, with a volume of 45,859 shares changing hands.

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

The company has a market capitalization of $5.15 million, a PE ratio of 29.43 and a beta of -4.31. The firm has a 50-day moving average of $13.72 and a 200 day moving average of $13.28.

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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