MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Gap Down – Here’s What Happened

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $17.76, but opened at $16.99. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $17.05, with a volume of 25,582 shares changing hands.

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

The stock has a market capitalization of $12.40 billion, a P/E ratio of 34.87 and a beta of -4.76. The company has a 50 day simple moving average of $19.18 and a 200-day simple moving average of $22.27.

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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