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

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZGet Free Report) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 54,936 shares, a decrease of 32.5% from the June 30th total of 81,363 shares. Approximately 15.7% of the shares of the company are short sold. Based on an average daily volume of 50,849 shares, the days-to-cover ratio is currently 1.1 days.

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

Shares of BERZ stock opened at $28.16 on Friday. The stock has a market cap of $9.86 million, a P/E ratio of 29.43 and a beta of -4.56. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a one year low of $18.44 and a one year high of $116.20. The stock has a fifty day moving average price of $24.34 and a 200 day moving average price of $42.34.

About MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

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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.

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