MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Shares Gap Up – Still a Buy?

Shares of MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $157.48, but opened at $169.05. MicroSectors FANG & Innovation 3x Leveraged ETN shares last traded at $167.54, with a volume of 40,663 shares trading hands.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Up 7.8 %

The firm’s 50 day moving average is $170.03 and its two-hundred day moving average is $151.81. The stock has a market cap of $123.82 billion, a price-to-earnings ratio of 83.95 and a beta of 4.73.

About MicroSectors FANG & Innovation 3x Leveraged ETN

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The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.

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