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) gapped down before the market opened on Monday . The stock had previously closed at $14.22, but opened at $13.74. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $13.57, with a volume of 6,310 shares traded.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Down 0.6 %

The stock’s 50 day moving average price is $16.59 and its two-hundred day moving average price is $20.06. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 34.87 and a beta of -4.76.

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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