MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 86,436 shares, a growth of 97.2% from the October 15th total of 43,825 shares. Based on an average daily trading volume, of 78,905 shares, the short-interest ratio is presently 1.1 days. Approximately 24.7% of the shares of the company are short sold.
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Up 6.2%
Shares of BERZ stock traded up $1.37 on Friday, hitting $23.47. 60,640 shares of the stock were exchanged, compared to its average volume of 81,048. The firm’s 50 day moving average is $19.46 and its two-hundred day moving average is $33.40. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a one year low of $15.42 and a one year high of $81.49. The firm has a market capitalization of $8.21 million, a PE ratio of 21.21 and a beta of -4.73.
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.
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