MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Down 54.8% in January

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 12,764 shares, a drop of 54.8% from the January 15th total of 28,247 shares. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is currently 1.5 days. Currently, 8.0% of the shares of the stock are short sold. Currently, 8.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is currently 1.5 days.

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

Shares of NRGD stock traded down $0.33 during mid-day trading on Friday, hitting $8.86. The company had a trading volume of 4,142 shares, compared to its average volume of 8,781. The stock’s 50 day moving average price is $13.58 and its 200-day moving average price is $15.85. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 52-week low of $8.58 and a 52-week high of $46.73. The company has a market capitalization of $1.42 million, a P/E ratio of 2.73 and a beta of -5.77.

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

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.