MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Shares Shorted: Short Interest Up 273.8% in October

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 770 shares, a growth of 273.8% from the September 30th total of 206 shares. Based on an average daily trading volume, of 1,456 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.6% of the company’s shares are sold short.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 2.3%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded down $0.85 during midday trading on Wednesday, reaching $35.39. 81 shares of the stock traded hands, compared to its average volume of 457. The company has a 50-day simple moving average of $32.11 and a two-hundred day simple moving average of $39.74. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 12-month low of $25.00 and a 12-month high of $73.20. The firm has a market cap of $1.06 million, a PE ratio of 25.88 and a beta of -2.35.

About MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs

The MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks three times the inverse of the performance of an equal-weighted index of US large banks. BNKD was launched on Apr 5, 2019 and is issued by REX Microsectors.