MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Sees Strong Trading Volume – Here’s Why

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) saw an uptick in trading volume on Monday . 141,778 shares were traded during mid-day trading, an increase of 36% from the previous session’s volume of 104,416 shares.The stock last traded at $15.76 and had previously closed at $16.21.

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

The firm has a market capitalization of $11.28 billion, a P/E ratio of 34.87 and a beta of -4.76. The stock’s 50 day simple moving average is $18.89 and its 200 day simple moving average is $21.95.

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

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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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