MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Hits New 1-Year High – Time to Buy?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $47.58 and last traded at $47.57, with a volume of 459953 shares trading hands. The stock had previously closed at $43.67.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Up 6.0%

The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 37.09 and a beta of 4.78. The firm’s fifty day simple moving average is $31.13 and its two-hundred day simple moving average is $26.96.

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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