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

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,410 shares, a decrease of 53.3% from the June 15th total of 18,023 shares. Currently, 28.0% of the company’s stock are sold short. Based on an average daily trading volume, of 21,154 shares, the short-interest ratio is presently 0.4 days.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Stock Down 3.3%

Shares of NYSEARCA:NRGD traded down $0.79 during mid-day trading on Thursday, reaching $23.01. 24,091 shares of the stock were exchanged, compared to its average volume of 19,928. The stock’s 50 day simple moving average is $27.70 and its 200-day simple moving average is $38.73. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a one year low of $22.00 and a one year high of $106.12. The company has a market cap of $690,300.00, a P/E ratio of 2.73 and a beta of 0.88.

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

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.