Short Interest in MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Drops By 89.6%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 131 shares, a drop of 89.6% from the August 15th total of 1,264 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 267 shares, the days-to-cover ratio is presently 0.5 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 1.6%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded down $0.44 during midday trading on Friday, reaching $26.53. 190 shares of the stock traded hands, compared to its average volume of 419. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a fifty-two week low of $25.00 and a fifty-two week high of $80.29. The firm has a market cap of $795,900.00, a price-to-earnings ratio of 25.88 and a beta of -2.12. The firm has a fifty day moving average price of $27.56 and a two-hundred day moving average price of $39.17.

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.