MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Reaches New 1-Year Low – What’s Next?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.20 and last traded at $15.20, with a volume of 21075 shares trading hands. The stock had previously closed at $16.53.

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

The stock has a market capitalization of $10.54 billion, a P/E ratio of 34.87 and a beta of -4.76. The stock’s fifty day moving average price is $18.59 and its 200 day moving average price is $21.49.

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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