MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Gap Down – Should You Sell?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $17.75, but opened at $17.28. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $17.22, with a volume of 53,393 shares changing hands.

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

The stock’s 50-day simple moving average is $18.73 and its 200 day simple moving average is $21.76. The company has a market capitalization of $12.49 billion, a PE ratio of 34.87 and a beta of -4.76.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

(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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