MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Shares Gap Down – Should You Sell?

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) shares gapped down before the market opened on Monday . The stock had previously closed at $181.57, but opened at $158.53. MicroSectors FANG & Innovation 3x Leveraged ETN shares last traded at $166.24, with a volume of 48,347 shares trading hands.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Down 11.7 %

The business’s fifty day simple moving average is $171.01 and its 200 day simple moving average is $151.05. The stock has a market cap of $116.92 billion, a price-to-earnings ratio of 83.95 and a beta of 4.73.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

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.