MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Stock Falls 8.3% – Here’s Why

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ – Get Free Report)’s share price was down 8.3% on Thursday. The stock traded as low as $34.38 and last traded at $34.33. Approximately 649,109 shares traded hands during trading, a decline of 54% from the average session volume of 1,403,305 shares. The stock had previously closed at $37.43.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Down 18.5%

The company’s 50-day moving average is $39.46 and its 200-day moving average is $33.41. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 37.09 and a beta of 5.02.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

(Get Free Report)

The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.

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