MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Sees Unusually-High Trading Volume – Time to Buy?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 690,776 shares changed hands during trading, an increase of 228% from the previous session’s volume of 210,470 shares.The stock last traded at $266.72 and had previously closed at $275.65.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Performance

The firm’s 50 day simple moving average is $213.56 and its 200-day simple moving average is $161.06. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 37.09 and a beta of 4.41.

About MicroSectors FANG & Innovation 3x Leveraged ETN

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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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