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

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $11.05, but opened at $11.41. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $11.02, with a volume of 87,673 shares changing hands.

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

The stock has a market cap of $7.89 billion, a P/E ratio of 34.87 and a beta of -4.76. The firm’s fifty day moving average price is $12.37 and its two-hundred day moving average price is $16.40.

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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