In trading on Wednesday, shares of the MicroSectors FANG & Innovation -3X Inverse Leveraged ETN ETF (Symbol: BERZ) fell to $41.10, entering oversold territory with a Relative Strength Index (RSI) reading of 28.4. An asset is considered oversold when the RSI is below 30; in contrast, the S&P 500’s RSI stands at 68.2.
BERZ’s year-to-date performance shows a 52-week low of $40.94 and a high of $348.20, reflecting its current trading down about 7% on the day.
