MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Sees Large Growth in Short Interest

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 25,177 shares, a growth of 199.4% from the June 30th total of 8,410 shares. Approximately 83.9% of the shares of the company are sold short. Based on an average daily volume of 14,045 shares, the days-to-cover ratio is currently 1.8 days.

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

NYSEARCA NRGD opened at $22.04 on Wednesday. The stock has a market cap of $661,200.00, a PE ratio of 2.73 and a beta of 0.88. The firm has a 50-day moving average of $26.54 and a 200-day moving average of $35.08. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 52-week low of $18.36 and a 52-week high of $106.12.

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.