Short Interest in MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) Declines By 32.5%

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (NYSEARCA:BERZ) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 54,936 shares, a decline 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 trading volume, of 50,849 shares, the days-to-cover ratio is currently 1.1 days.

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

Shares of NYSEARCA:BERZ traded down $0.58 during midday trading on Friday, reaching $27.58. 37,024 shares of the company’s stock were exchanged, compared to its average volume of 90,643. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN has a 12 month low of $18.44 and a 12 month high of $116.20. The firm has a market capitalization of $9.65 million, a PE ratio of 29.43 and a beta of -4.56. The company’s 50 day simple moving average is $24.41 and its two-hundred day simple moving average is $42.24.

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.