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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) saw a significant 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. Approximately 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 87,524 shares, the days-to-cover ratio is presently 0.2 days.

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Stock Up 3.1%

NYSEARCA:BERZ traded up $0.76 during trading hours on Monday, hitting $25.67. 95,057 shares of the stock traded hands, compared to its average volume of 95,406. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 1 year low of $22.80 and a 1 year high of $165.20. The company has a market cap of $8.98 million, a price-to-earnings ratio of 29.43 and a beta of -4.46. The stock has a 50 day moving average price of $48.12 and a 200 day moving average price of $55.00.

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.