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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $17.90, but opened at $17.17. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $17.45, with a volume of 106,636 shares.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Down 4.9 %

The firm has a market cap of $12.41 billion, a PE ratio of 34.87 and a beta of -4.76. The business’s 50-day simple moving average is $21.15 and its 200 day simple moving average is $23.11.

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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