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) gapped down before the market opened on Monday . The stock had previously closed at $14.22, but opened at $13.74. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN shares last traded at $13.57, with a volume of 6,310 shares changing hands.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Down 0.5 %

The business’s fifty day moving average is $16.33 and its two-hundred day moving average is $19.87. The stock has a market capitalization of $10.30 billion, a PE ratio of 34.87 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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