MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Sees Large Decrease in Short Interest

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 16,211 shares, a decline of 45.1% from the April 15th total of 29,514 shares. Based on an average daily trading volume, of 87,524 shares, the short-interest ratio is presently 0.2 days. Approximately 4.6% of the company’s shares are sold short.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Up 7.1%

Shares of BERZ traded up $1.65 during mid-day trading on Friday, hitting $24.91. 114,501 shares of the company’s stock traded hands, compared to its average volume of 95,401. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 1 year low of $22.80 and a 1 year high of $165.20. The firm has a market capitalization of $8.72 million, a P/E ratio of 29.43 and a beta of -4.46. The business’s 50-day moving average price is $48.75 and its 200-day moving average price is $55.19.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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.