MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Trading Down 9.1% – Here’s Why

Shares of MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) fell 9.1% on Monday . The company traded as low as $70.66 and last traded at $68.56. 33,620 shares changed hands during trading, a decline of 76% from the average session volume of 140,454 shares. The stock had previously closed at $75.40.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Down 9.7 %

The firm has a fifty day moving average of $122.42 and a 200-day moving average of $149.97. The firm has a market cap of $49.65 billion, a P/E ratio of 29.18 and a beta of 4.73.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

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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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