MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Down 60.2% in June

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 380 shares, a decline of 60.2% from the June 15th total of 954 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 342 shares, the short-interest ratio is currently 1.1 days.

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

NYSEARCA:BNKD traded down $1.30 during mid-day trading on Wednesday, reaching $26.96. The company’s stock had a trading volume of 613 shares, compared to its average volume of 464. The company’s fifty day simple moving average is $37.12 and its two-hundred day simple moving average is $45.19. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a twelve month low of $26.94 and a twelve month high of $91.86. The stock has a market cap of $808,800.00, a P/E ratio of 25.88 and a beta of -2.23.

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.