MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Update

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 619 shares, an increase of 135.4% from the April 30th total of 263 shares. Based on an average daily volume of 224 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.1% of the shares of the stock are sold short.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 5.0%

Shares of BNKD stock traded down $2.07 during mid-day trading on Tuesday, reaching $39.56. The stock had a trading volume of 93 shares, compared to its average volume of 523. The stock’s 50-day moving average price is $46.50 and its two-hundred day moving average price is $51.08. The firm has a market capitalization of $1.19 million, a PE ratio of 25.88 and a beta of -2.67. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 52-week low of $36.16 and a 52-week high of $122.65.

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

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.