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

MicroSectors U.S. Big Oil 3X Leveraged ETNs (NYSEARCA:NRGU) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 35,496 shares, an increase of 60.7% from the July 15th total of 22,091 shares. Approximately 22.2% of the shares of the company are sold short. Based on an average trading volume of 108,225 shares, the days-to-cover ratio is presently 0.3 days.

MicroSectors U.S. Big Oil 3X Leveraged ETNs Stock Up 5.7%

NYSEARCA:NRGU traded up $2.80 on Monday, hitting $52.19. The stock had a trading volume of 40,416 shares, compared to its average volume of 142,345. The stock has a market cap of $8.35 million, a price-to-earnings ratio of 7.59 and a beta of -1.83. The business’s 50-day simple moving average is $37.43 and its two-hundred day simple moving average is $36.33. MicroSectors U.S. Big Oil 3X Leveraged ETNs has a 52-week low of $16.25 and a 52-week high of $53.08.

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

at bmo, banking is our personal commitment to helping people at every stage of their financial lives. the truth is, people’s needs change: so we change too. but we never change who we are. which means we’ll never waiver from providing our customers the best possible banking experience in the industry. our incredible team of over 46,000 people is just the tip of the iceberg. you should get to know us. we’re here to help.