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

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKDGet Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,264 shares, a growth of 58.6% from the July 30th total of 797 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 256 shares, the days-to-cover ratio is currently 4.9 days.

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

NYSEARCA BNKD opened at $27.29 on Thursday. The stock has a market capitalization of $818,700.00, a price-to-earnings ratio of 25.88 and a beta of -2.12. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a one year low of $25.00 and a one year high of $80.29. The business’s fifty day moving average is $28.35 and its 200-day moving average is $40.19.

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

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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.

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