MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Sees Large Increase in Short Interest

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 797 shares, an increase of 333.2% from the July 15th total of 184 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 444 shares, the short-interest ratio is presently 1.8 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Down 0.6%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded down $0.16 during midday trading on Friday, reaching $25.48. The company’s stock had a trading volume of 324 shares, compared to its average volume of 439. The company has a market cap of $764,280.00, a P/E ratio of 25.88 and a beta of -2.15. The business has a 50-day simple moving average of $30.35 and a 200-day simple moving average of $42.05. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a fifty-two week low of $25.39 and a fifty-two week high of $87.20.

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.