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MicroSectors' 3x leveraged tech ETN (BULZ) saw a sharp drop, while its inverse counterpart (BERZ) rose.
Shares of MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ) dropped sharply on Tuesday, opening at $119.43 after closing at $123.63 the previous day.
The ETN, tracking 3x the daily price movements of a tech-heavy index, has a 50-day moving average of $157.98.
Meanwhile, the -3x inverse leveraged counterpart (BERZ) saw a gap up, opening at $14.64.
Both ETNs are issued by REX Microsectors and are highly sensitive to market fluctuations.
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El ETN tecnológico 3x apalancado de MicroSectors (BULZ) experimentó una fuerte caída, mientras que su contraparte inversa (BERZ) aumentó.