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

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,512 shares, an increase of 156.7% from the November 30th total of 1,368 shares. Based on an average daily trading volume, of 465 shares, the short-interest ratio is currently 7.6 days. Currently, 2.2% of the company’s stock are short sold. Currently, 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 465 shares, the short-interest ratio is currently 7.6 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Up 0.5%

BNKD stock traded up $0.05 during midday trading on Friday, hitting $9.54. The company’s stock had a trading volume of 602 shares, compared to its average volume of 1,241. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 52-week low of $9.49 and a 52-week high of $56.76. The firm has a 50-day simple moving average of $12.49 and a 200-day simple moving average of $15.30. The firm has a market capitalization of $1.53 million, a P/E ratio of 25.88 and a beta of -5.00.

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.