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 recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 18,495 shares, an increase of 70.1% from the May 14th total of 10,874 shares. Based on an average daily volume of 27,520 shares, the days-to-cover ratio is presently 0.7 days. Currently, 61.7% of the company’s stock are short sold.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Up 2.2%

NRGD stock traded up $0.66 during midday trading on Wednesday, hitting $30.04. The company’s stock had a trading volume of 20,595 shares, compared to its average volume of 20,723. The company has a market cap of $901,170.00, a PE ratio of 2.73 and a beta of 1.13. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 12 month low of $22.20 and a 12 month high of $115.00. The firm’s 50-day moving average is $28.04 and its 200-day moving average is $45.86.

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.