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)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $17.90, but opened at $17.17. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $17.45, with a volume of 106,636 shares.

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

The stock’s 50 day moving average is $21.25 and its two-hundred day moving average is $23.22. The firm has a market capitalization of $12.75 billion, a P/E ratio of 34.87 and a beta of -4.76.

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

(Get Free Report)

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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