MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Stock Short Interest Jumps 61.1%

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 54,475 shares, an increase of 61.1% from the September 15th total of 33,816 shares. Based on an average daily volume of 55,889 shares, the short-interest ratio is presently 1.0 days. Currently, 15.6% of the company’s stock are short sold.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Up 3.9%

Shares of NYSEARCA BERZ traded up $0.72 during trading hours on Friday, hitting $18.96. The company had a trading volume of 13,438 shares, compared to its average volume of 82,003. The stock has a market capitalization of $6.63 million, a P/E ratio of 29.43 and a beta of -4.61. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 1-year low of $15.42 and a 1-year high of $81.49. The firm’s 50 day moving average is $18.85 and its 200-day moving average is $26.51.

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.