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MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs (BERZ)

Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
39.91 USD +0.31 (0.783%) ⇧ (April 21, 2026, 3:59 p.m. EDT)

Short-term:☆☆☆☆☆Long-term:★☆☆☆☆Dividends:★☆☆☆☆
Hot Take | April 18, 2026, 10:22 p.m. EDT

BERZ is in the midst of a severe 45-day trend (15 trading days) where the GICS-defined FANG sector is crushing this -3x inverse leveraged vehicle; despite a trailing P/E of 18.57 for an inverse fund (indicating pricing based on momentum compression), the massive heteroscedasticity in price action suggests volatility is currently the dominant force. Long-term, this is a structural hold score of 1 due to -3x leverage decay and the primary drawdown phase (current price at ~3847) moving away from a highs of ~348.00.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.141234
AutoETS0.145994
AutoARIMA0.151673
AutoTheta0.155872

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 64%
H-stat 1.55
Ljung-Box p 0.000
Jarque-Bera p 0.415
Excess Kurtosis 0.74
Attribute Value
Trailing P/E 19.27

Info Dump

Attribute Value
All Time High 10,450.0
All Time Low 21.29
Ask 39.68
Ask Size 800
Average Daily Volume10 Day 66,330
Average Daily Volume3 Month 97,861
Average Volume 97,861
Average Volume10Days 66,330
Beta3 Year -0.72
Bid 37.54
Bid Size 200
Category Trading--Inverse Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 40.07
Day Low 38.5701
Dividend Yield 0.0
Earnings Call Timestamp End 1,748,433,600
Earnings Call Timestamp Start 1,748,433,600
Earnings Timestamp End 1,756,470,600
Earnings Timestamp Start 1,756,125,000
Eps Trailing Twelve Months 2.071446
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 59.71668
Fifty Day Average Change -19.806679
Fifty Day Average Change Percent -0.3316775
Fifty Two Week Change Percent -85.33798
Fifty Two Week High 275.2
Fifty Two Week High Change -235.29001
Fifty Two Week High Change Percent -0.8549782
Fifty Two Week Low 37.57
Fifty Two Week Low Change 2.3400002
Fifty Two Week Low Change Percent 0.062283743
Fifty Two Week Range 37.57 - 275.2
First Trade Date Milliseconds 1,629,293,400,000
Full Exchange Name NYSEArca
Fund Family BMO Capital Markets
Fund Inception Date 1,629,158,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Is Earnings Date Estimate 0
Language en-US
Legal Type Exchange Traded Fund
Long Name MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_1679309014
Nav Price 39.58823
Net Assets 23,739,788.0
Net Expense Ratio 0.95
Open 39.08
Previous Close 39.6
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.310001
Regular Market Change Percent 0.782832
Regular Market Day High 40.07
Regular Market Day Low 38.5701
Regular Market Day Range 38.5701 - 40.07
Regular Market Open 39.08
Regular Market Previous Close 39.6
Regular Market Price 39.91
Regular Market Time 1,776,801,590
Regular Market Volume 59,229
Short Name MicroSectors FANG & Innovation
Source Interval 15
Symbol BERZ
Three Year Average Return -0.8122973
Total Assets 23,739,788
Tradeable 0
Trailing P E 19.266735
Trailing Peg Ratio None
Trailing Three Month Nav Returns 19.40994
Trailing Three Month Returns 19.40994
Triggerable 1
Two Hundred Day Average 70.32067
Two Hundred Day Average Change -30.410671
Two Hundred Day Average Change Percent -0.43245706
Type Disp ETF
Volume 59,229
Yield 0.0
Ytd Return 19.40994