MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Short Interest Climbs 61.1%

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 54,475 shares, a growth of 61.1% from the September 15th total of 33,816 shares. Based on an average daily trading volume, of 55,889 shares, the days-to-cover ratio is currently 1.0 days. Currently, 15.6% of the shares of the stock are short sold.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA:BERZ traded up $2.01 during trading on Friday, reaching $20.25. The company had a trading volume of 115,086 shares, compared to its average volume of 82,540. The firm has a market capitalization of $7.09 million, a PE ratio of 29.43 and a beta of -4.61. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a twelve month low of $15.42 and a twelve month high of $81.49. The firm’s fifty day moving average is $18.82 and its 200 day moving average is $26.46.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Company Profile

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.