Short Interest in MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Increases By 1,961.3%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,649 shares, an increase of 1,961.3% from the March 31st total of 80 shares. Approximately 5.5% of the company’s shares are sold short. Based on an average trading volume of 505 shares, the short-interest ratio is presently 3.3 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Up 2.9%

Shares of NYSEARCA:BNKD traded up $1.24 during midday trading on Friday, hitting $44.22. 530 shares of the stock traded hands, compared to its average volume of 612. The stock has a market capitalization of $1.33 million, a PE ratio of 25.88 and a beta of -3.17. The business’s 50 day moving average is $52.09 and its two-hundred day moving average is $56.08. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a one year low of $39.28 and a one year high of $165.98.

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.