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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $14.07, but opened at $14.58. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $14.61, with a volume of 5,092 shares traded.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Up 6.3 %

The firm has a market cap of $10.90 billion, a P/E ratio of 34.87 and a beta of -4.76. The company’s 50-day moving average is $17.50 and its two-hundred day moving average is $20.78.

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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