MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Stock Price Down 14.8% – Should You Sell?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report)’s share price was down 14.8% during trading on Thursday . The company traded as low as $92.00 and last traded at $93.22. Approximately 70,538 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 127,372 shares. The stock had previously closed at $109.46.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Down 16.7 %

The firm has a market cap of $66.52 billion, a price-to-earnings ratio of 29.18 and a beta of 4.73. The business’s 50-day simple moving average is $148.90 and its two-hundred day simple moving average is $155.69.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

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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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