MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Gap Up – Time to Buy?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $13.80, but opened at $14.96. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $14.73, with a volume of 78,835 shares.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Up 6.7 %

The stock’s 50-day moving average is $14.32 and its 200-day moving average is $14.18. The firm has a market cap of $10.74 billion, a P/E ratio of 46.28 and a beta of -4.76.

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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