Short Interest in MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Drops By 17.1%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 3,324 shares, a decrease of 17.1% from the January 15th total of 4,010 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 999 shares, the days-to-cover ratio is presently 3.3 days. Based on an average trading volume of 999 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.1% of the shares of the company are sold short.

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

Shares of BNKD traded down $0.83 during trading hours on Wednesday, hitting $9.23. The company’s stock had a trading volume of 2,484 shares, compared to its average volume of 1,590. The business has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $12.73. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 52-week low of $8.13 and a 52-week high of $56.76. The company has a market cap of $1.48 million, a price-to-earnings ratio of 25.88 and a beta of -5.00.

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

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.