MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Gap Down – Here’s Why

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $16.77, but opened at $16.05. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $15.73, with a volume of 12,310 shares traded.

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

The firm’s 50 day moving average is $14.69 and its 200 day moving average is $14.10. The company has a market cap of $10.88 billion, a PE ratio of 46.28 and a beta of -4.76.

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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