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

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 18,495 shares, a growth of 70.1% from the May 14th total of 10,874 shares. Based on an average daily trading volume, of 27,520 shares, the short-interest ratio is presently 0.7 days. Approximately 61.7% of the shares of the company are short sold.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Stock Up 9.9%

NYSEARCA NRGD traded up $2.60 during trading hours on Monday, reaching $28.75. 87,005 shares of the company were exchanged, compared to its average volume of 20,305. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 1 year low of $22.20 and a 1 year high of $115.00. The business’s 50 day simple moving average is $27.95 and its 200-day simple moving average is $46.58. The stock has a market capitalization of $862,500.00, a P/E ratio of 2.73 and a beta of 1.13.

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

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.