MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Shares Down 4.2% – Should You Sell?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) shares dropped 4.2% during mid-day trading on Wednesday . The company traded as low as $2.65 and last traded at $2.72. Approximately 1,963,031 shares were traded during trading, an increase of 33% from the average daily volume of 1,473,187 shares. The stock had previously closed at $2.84.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Down 4.2%

The firm’s 50 day moving average price is $2.90 and its two-hundred day moving average price is $3.75. The firm has a market capitalization of $1.09 million, a PE ratio of 29.43 and a beta of -4.47.

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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