MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Trading Down 6% – Should You Sell?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report)’s stock price was down 6% during trading on Tuesday . The company traded as low as $235.44 and last traded at $233.4820. Approximately 50,963 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 214,728 shares. The stock had previously closed at $248.41.

MicroSectors FANG & Innovation 3x Leveraged ETN Price Performance

The company’s 50-day moving average price is $270.72 and its two-hundred day moving average price is $204.11. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 37.09 and a beta of 4.45.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

(Get Free Report)

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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