MicroSectors U.S. Big Banks 3X Leveraged ETNs (NYSEARCA:BNKU) Sees Significant Drop in Short Interest

MicroSectors U.S. Big Banks 3X Leveraged ETNs (NYSEARCA:BNKU) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 19,416 shares, a decrease of 16.0% from the February 12th total of 23,123 shares. Currently, 12.1% of the shares of the stock are short sold. Based on an average daily volume of 28,169 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 28,169 shares, the days-to-cover ratio is currently 0.7 days. Currently, 12.1% of the shares of the stock are short sold.

MicroSectors U.S. Big Banks 3X Leveraged ETNs Stock Up 2.3%

Shares of BNKU traded up $0.55 during mid-day trading on Monday, reaching $24.15. 17,078 shares of the company’s stock were exchanged, compared to its average volume of 23,909. MicroSectors U.S. Big Banks 3X Leveraged ETNs has a 52-week low of $8.51 and a 52-week high of $40.76. The company has a market cap of $3.86 million, a price-to-earnings ratio of 14.27 and a beta of -5.19. The company has a 50-day simple moving average of $33.00 and a two-hundred day simple moving average of $30.05.

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

at bmo, banking is our personal commitment to helping people at every stage of their financial lives. the truth is, people’s needs change: so we change too. but we never change who we are. which means we’ll never waiver from providing our customers the best possible banking experience in the industry. our incredible team of over 46,000 people is just the tip of the iceberg. you should get to know us. we’re here to help.