MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Trading Up 9.1% – Still a Buy?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) shares rose 9.1% during trading on Monday . The company traded as high as $227.06 and last traded at $229.8380. Approximately 65,815 shares traded hands during trading, a decline of 70% from the average daily volume of 220,273 shares. The stock had previously closed at $210.75.

MicroSectors FANG & Innovation 3x Leveraged ETN Price Performance

The stock has a market cap of $2.04 billion, a P/E ratio of 37.09 and a beta of 4.45. The firm’s fifty day moving average price is $271.24 and its two-hundred day moving average price is $207.37.

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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