MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Down 53.3% in June

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 8,410 shares, a decline of 53.3% from the June 15th total of 18,023 shares. Based on an average daily trading volume, of 21,154 shares, the days-to-cover ratio is currently 0.4 days. Currently, 28.0% of the shares of the company are short sold.

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

Shares of NRGD stock traded up $0.06 during trading hours on Tuesday, hitting $23.29. The stock had a trading volume of 8,114 shares, compared to its average volume of 19,918. The firm has a market capitalization of $698,580.00, a PE ratio of 2.73 and a beta of 0.88. The stock’s 50 day moving average is $27.84 and its 200 day moving average is $39.57. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a twelve month low of $22.00 and a twelve month high of $106.12.

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.