MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Shares Down 6% – Here’s What Happened

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZGet Free Report)’s share price traded down 6% during trading on Tuesday . The company traded as low as $139.97 and last traded at $141.30. 29,565 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 148,591 shares. The stock had previously closed at $150.25.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Down 4.9 %

The stock has a 50 day moving average of $130.92 and a 200 day moving average of $137.27. The company has a market capitalization of $104.15 billion, a price-to-earnings ratio of 83.95 and a beta of 4.73.

About MicroSectors FANG & Innovation 3x Leveraged ETN

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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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