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

MicroSectors U.S. Big Banks 3X Leveraged ETNs (NYSEARCA:BNKU) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,836 shares, a decline of 39.0% from the February 26th total of 19,416 shares. Currently, 7.4% of the company’s stock are sold short. Based on an average daily trading volume, of 27,922 shares, the days-to-cover ratio is currently 0.4 days.

MicroSectors U.S. Big Banks 3X Leveraged ETNs Price Performance

NYSEARCA:BNKU traded down $1.45 during mid-day trading on Friday, reaching $24.48. The stock had a trading volume of 2,832 shares, compared to its average volume of 22,171. The business’s 50 day moving average is $30.96 and its 200 day moving average is $29.94. MicroSectors U.S. Big Banks 3X Leveraged ETNs has a fifty-two week low of $8.51 and a fifty-two week high of $40.76. The stock has a market cap of $3.92 million, a P/E ratio of 14.27 and a beta of -5.19.

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

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.