MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Short Interest Up 89.3% in June

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) was the recipient of a significant growth in short interest in 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. Currently, 23.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 108,842 shares, the short-interest ratio is currently 0.7 days.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Up 6.1%

BERZ stock opened at $27.38 on Friday. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 12 month low of $18.44 and a 12 month high of $116.20. The firm has a market cap of $9.58 million, a P/E ratio of 29.43 and a beta of -4.56. The company’s 50-day moving average price is $23.62 and its two-hundred day moving average price is $44.13.

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

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.