MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Trading 4.6% Higher – Still a Buy?

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) were up 4.6% during trading on Thursday . The company traded as high as $15.44 and last traded at $15.74. Approximately 14,006 shares were traded during trading, a decline of 92% from the average daily volume of 166,199 shares. The stock had previously closed at $15.04.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Up 6.3 %

The stock has a market cap of $11.66 billion, a P/E ratio of 14.84 and a beta of -4.76. The business has a 50-day simple moving average of $12.55 and a 200 day simple moving average of $14.97.

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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