Short Interest in MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Declines By 49.0%

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGDGet Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 10,874 shares, a decline of 49.0% from the April 30th total of 21,310 shares. Based on an average daily volume of 31,722 shares, the short-interest ratio is presently 0.3 days. Currently, 36.2% of the shares of the company are sold short.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Down 9.4%

Shares of NYSEARCA NRGD traded down $2.69 during midday trading on Monday, hitting $25.85. The company’s stock had a trading volume of 47,645 shares, compared to its average volume of 18,699. The stock has a fifty day moving average price of $28.10 and a 200 day moving average price of $50.26. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a one year low of $22.20 and a one year high of $133.09. The firm has a market capitalization of $775,500.00, a price-to-earnings ratio of 2.73 and a beta of 0.88.

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

(Get Free Report)

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.

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