Short Interest in MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Grows By 122.2%

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 41,535 shares, an increase of 122.2% from the March 31st total of 18,689 shares. Based on an average daily trading volume, of 32,410 shares, the short-interest ratio is currently 1.3 days. Approximately 138.5% of the shares of the stock are short sold.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Down 5.9%

Shares of MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs stock traded down $1.78 on Tuesday, reaching $28.55. The stock had a trading volume of 35,478 shares, compared to its average volume of 14,152. The business’s 50 day moving average is $32.93 and its two-hundred day moving average is $59.62. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 1 year low of $22.20 and a 1 year high of $160.60. The company has a market cap of $856,500.00, a P/E ratio of 2.73 and a beta of 0.63.

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

The MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) is an exchange-traded fund that is based on the Solactive MicroSectors U.S. Big Oil index. The fund tracks three times the inverse of the performance of an equal-weighted index of U.S. Oil & Gas Companies. NRGD was launched on Apr 12, 2019 and is issued by REX Microsectors.