MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Shares Down 6.4% – Here’s Why

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) was down 6.4% during mid-day trading on Wednesday . The stock traded as low as $127.31 and last traded at $125.58. Approximately 44,461 shares changed hands during trading, a decline of 68% from the average daily volume of 139,624 shares. The stock had previously closed at $134.23.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Down 7.8 %

The firm has a 50 day simple moving average of $155.85 and a 200-day simple moving average of $156.31. The company has a market cap of $90.28 billion, a PE ratio of 32.15 and a beta of 4.73.

About MicroSectors FANG & Innovation 3x Leveraged ETN

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The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.

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