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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 16,211 shares, a drop of 45.1% from the April 15th total of 29,514 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average trading volume of 87,524 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN stock traded up $1.65 on Friday, hitting $24.91. 114,501 shares of the company’s stock were exchanged, compared to its average volume of 95,401. The company has a 50-day simple moving average of $48.75 and a 200-day simple moving average of $55.19. The stock has a market capitalization of $8.72 million, a PE ratio of 29.43 and a beta of -4.46. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 1 year low of $22.80 and a 1 year high of $165.20.

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.