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

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 184 shares, a decrease of 51.6% from the June 30th total of 380 shares. Based on an average daily trading volume, of 307 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the shares of the company are sold short.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Up 9.0%

Shares of NYSEARCA BNKD traded up $2.51 during midday trading on Wednesday, reaching $30.44. 479 shares of the company were exchanged, compared to its average volume of 455. The stock has a market cap of $913,200.00, a P/E ratio of 25.88 and a beta of -2.23. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 1 year low of $26.94 and a 1 year high of $91.08. The stock has a fifty day simple moving average of $33.48 and a 200 day simple moving average of $43.70.

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

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.