MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Sees Large Decline in Short Interest

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 16,211 shares, a decline of 45.1% from the April 15th total of 29,514 shares. Approximately 4.6% of the shares of the stock are sold short. Based on an average trading volume of 87,524 shares, the short-interest ratio is presently 0.2 days.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Up 7.1%

NYSEARCA BERZ traded up $1.65 on Friday, reaching $24.91. The company had a trading volume of 114,501 shares, compared to its average volume of 95,401. The stock has a market capitalization of $8.72 million, a PE ratio of 29.43 and a beta of -4.46. The firm’s 50 day moving average price is $48.75 and its 200 day moving average price is $55.19. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 12 month low of $22.80 and a 12 month high of $165.20.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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.