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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 54,936 shares, a decline of 32.5% from the June 30th total of 81,363 shares. Approximately 15.7% of the company’s shares are short sold. Based on an average daily volume of 50,849 shares, the days-to-cover ratio is presently 1.1 days.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Price Performance

Shares of NYSEARCA BERZ opened at $27.58 on Friday. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 1 year low of $18.44 and a 1 year high of $116.20. The company’s 50-day moving average is $24.41 and its 200 day moving average is $42.24. The stock has a market capitalization of $9.65 million, a P/E ratio of 29.43 and a beta of -4.56.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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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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