Short Interest in MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Expands By 135.4%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 619 shares, an increase of 135.4% from the April 30th total of 263 shares. Based on an average daily trading volume, of 224 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.1% of the company’s shares are sold short.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 1.4%

BNKD traded down $0.57 during trading on Monday, hitting $41.06. 93 shares of the company’s stock were exchanged, compared to its average volume of 523. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 1 year low of $36.16 and a 1 year high of $122.65. The stock has a 50 day moving average price of $46.50 and a 200 day moving average price of $51.08. The firm has a market cap of $1.23 million, a P/E ratio of 25.88 and a beta of -2.67.

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.