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 recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 131 shares, a decline of 89.6% from the August 15th total of 1,264 shares. Based on an average daily volume of 267 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Up 0.6%

Shares of BNKD traded up $0.16 during mid-day trading on Thursday, reaching $26.97. The company’s stock had a trading volume of 105 shares, compared to its average volume of 420. The business has a fifty day moving average of $27.66 and a 200 day moving average of $39.25. The company has a market cap of $809,100.00, a price-to-earnings ratio of 25.88 and a beta of -2.12. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 1 year low of $25.00 and a 1 year high of $80.29.

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.