MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Sees Large Increase in Short Interest

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 81,363 shares, a growth of 89.3% from the June 15th total of 42,973 shares. Approximately 23.2% of the company’s shares are short sold. Based on an average trading volume of 108,842 shares, the days-to-cover ratio is presently 0.7 days.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Up 8.1%

NYSEARCA BERZ traded up $1.94 on Thursday, hitting $25.80. 51,954 shares of the company were exchanged, compared to its average volume of 91,638. The company has a market cap of $9.03 million, a PE ratio of 29.43 and a beta of -4.56. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 12 month low of $18.44 and a 12 month high of $116.20. The stock has a fifty day moving average of $23.54 and a 200-day moving average of $44.25.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Company Profile

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.