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

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 28,247 shares, an increase of 340.7% from the December 31st total of 6,409 shares. Approximately 17.7% of the shares of the company are short sold. Based on an average daily trading volume, of 13,046 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 13,046 shares, the short-interest ratio is currently 2.2 days. Approximately 17.7% of the shares of the company are short sold.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Up 0.1%

Shares of NYSEARCA:NRGD traded up $0.01 during trading on Friday, hitting $11.56. 9,081 shares of the company’s stock were exchanged, compared to its average volume of 10,606. The firm has a market cap of $1.85 million, a P/E ratio of 2.73 and a beta of -5.77. The firm has a 50-day moving average price of $14.78 and a two-hundred day moving average price of $16.59. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 1-year low of $10.70 and a 1-year high of $46.73.

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

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.