MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Short Interest Update

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 54,936 shares, a drop of 32.5% from the June 30th total of 81,363 shares. Approximately 15.7% of the shares of the stock are short sold. Based on an average daily volume of 50,849 shares, the short-interest ratio is presently 1.1 days.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Trading Down 18.1%

NYSEARCA BERZ opened at $28.16 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 has a market capitalization of $9.86 million, a price-to-earnings ratio of 29.43 and a beta of -4.56. The stock’s 50 day moving average is $24.34 and its two-hundred day moving average is $42.34.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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.