MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Hits New 52-Week Low – Should You Sell?

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $12.35 and last traded at $12.50, with a volume of 10972 shares trading hands. The stock had previously closed at $12.69.

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

The stock has a market cap of $9.49 billion, a PE ratio of 34.87 and a beta of -4.76. The business has a 50 day moving average price of $15.49 and a two-hundred day moving average price of $19.13.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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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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