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

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $15.69 and last traded at $15.73, with a volume of 71246 shares. The stock had previously closed at $16.74.

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

The stock’s 50-day moving average is $19.03 and its two-hundred day moving average is $22.16. The stock has a market cap of $11.82 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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