MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Price Down 7.7% – Should You Sell?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) was down 7.7% during trading on Tuesday . The company traded as low as $16.02 and last traded at $15.80. Approximately 189,413 shares traded hands during trading, an increase of 11% from the average daily volume of 170,013 shares. The stock had previously closed at $17.12.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Down 2.5 %

The company has a 50 day simple moving average of $12.45 and a two-hundred day simple moving average of $14.99. The company has a market capitalization of $12.17 billion, a P/E ratio of 14.84 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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