# MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) — Overview

BERZ · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/berz

## Price

Last close $18.24 on Oct 15, 2026. 52-week range $15.47 – $79.75.

## Fund profile

BERZ tracks -3x the daily price movements of an equal-weighted index of US-listed technology companies.

| Metric | Value |
| --- | --- |
| Issuer | BMO |
| Industry | Theme |
| Inception | Aug 17, 2021 |
| Assets under management | $6.4M |
| Expense ratio | 0.95% |
| Net asset value | $18.24 (as of Oct 14, 2026) |
| Distributions | — |
| Leverage | 3x |

## Frequently Asked Questions

### What is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)?

BERZ tracks -3x the daily price movements of an equal-weighted index of US-listed technology companies.

### What is BERZ's expense ratio?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN charges an annual expense ratio of 0.95%. The fund is issued by BMO.

### How large is BERZ?

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN manages $6.4M in assets and has traded since Aug 17, 2021.

### How do I buy shares of MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)?

BERZ trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).