MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Price Down 4.5% – Here’s What Happened

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) dropped 4.5% on Tuesday . The stock traded as low as $16.60 and last traded at $16.60. Approximately 20,028 shares were traded during trading, a decline of 81% from the average daily volume of 104,935 shares. The stock had previously closed at $17.39.

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

The company has a 50 day moving average of $18.45 and a two-hundred day moving average of $21.44. The company has a market capitalization of $9.90 billion, a PE ratio of 34.87 and a beta of -4.76.

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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