MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Hits New 12-Month Low – Time to Sell?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $9.56 and last traded at $9.56, with a volume of 154637 shares. The stock had previously closed at $10.04.

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

The business has a 50 day moving average price of $12.07 and a 200 day moving average price of $15.91. The firm has a market capitalization of $7.58 billion, a P/E ratio of 34.87 and a beta of -4.76.

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

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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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