Short Interest in MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Drops By 51.6%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 184 shares, a decline of 51.6% from the June 30th total of 380 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 307 shares, the days-to-cover ratio is presently 0.6 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Performance

Shares of MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded up $0.12 on Tuesday, reaching $28.18. 701 shares of the stock were exchanged, compared to its average volume of 457. The firm’s 50 day moving average is $34.10 and its 200-day moving average is $43.94. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a one year low of $26.94 and a one year high of $91.08. The firm has a market cap of $845,550.00, a PE ratio of 25.88 and a beta of -2.23.

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.