MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Trading Down 6% – What’s Next?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report) shares fell 6% during mid-day trading on Tuesday . The stock traded as low as $235.44 and last traded at $233.4820. 50,963 shares were traded during mid-day trading, a decline of 76% from the average session volume of 214,728 shares. The stock had previously closed at $248.41.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Down 10.8%

The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 37.09 and a beta of 4.45. The firm’s 50 day simple moving average is $271.52 and its 200-day simple moving average is $205.23.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

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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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