MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Update

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 21,310 shares, a decrease of 48.7% from the April 15th total of 41,535 shares. Based on an average daily volume of 38,071 shares, the short-interest ratio is presently 0.6 days. Currently, 71.0% of the company’s shares are sold short.

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

Shares of NRGD stock opened at $24.99 on Monday. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 1 year low of $22.20 and a 1 year high of $136.43. The stock’s 50 day simple moving average is $29.59 and its two-hundred day simple moving average is $54.43. The company has a market cap of $749,700.00, a PE ratio of 2.73 and a beta of 0.88.

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

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.