MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Reaches New 1-Year Low – Time to Sell?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) reached a new 52-week low on Thursday . The stock traded as low as $10.71 and last traded at $10.72, with a volume of 184533 shares changing hands. The stock had previously closed at $11.05.

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

The company has a fifty day moving average of $12.27 and a two-hundred day moving average of $16.32. The company has a market cap of $7.32 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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