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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 81,363 shares, a growth of 89.3% from the June 15th total of 42,973 shares. Based on an average daily trading volume, of 108,842 shares, the short-interest ratio is currently 0.7 days. Approximately 23.2% of the company’s shares are sold short.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Up 8.1%

BERZ traded up $1.94 during trading on Thursday, reaching $25.80. 51,954 shares of the stock traded hands, compared to its average volume of 91,638. The stock has a market capitalization of $9.03 million, a PE ratio of 29.43 and a beta of -4.56. The stock’s 50-day moving average is $23.54 and its 200 day moving average is $44.25. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 12 month low of $18.44 and a 12 month high of $116.20.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Company Profile

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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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