Short Interest in MicroSectors U.S. Big Banks 3X Leveraged ETNs (NYSEARCA:BNKU) Drops By 72.1%

MicroSectors U.S. Big Banks 3X Leveraged ETNs (NYSEARCA:BNKU) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 10,473 shares, a drop of 72.1% from the June 15th total of 37,517 shares. Approximately 6.5% of the company’s shares are sold short. Based on an average daily trading volume, of 19,899 shares, the days-to-cover ratio is presently 0.5 days.

MicroSectors U.S. Big Banks 3X Leveraged ETNs Stock Up 2.8%

Shares of BNKU traded up $1.24 during trading on Tuesday, reaching $45.15. 46,535 shares of the company traded hands, compared to its average volume of 17,526. MicroSectors U.S. Big Banks 3X Leveraged ETNs has a twelve month low of $21.14 and a twelve month high of $47.86. The stock has a market cap of $7.22 million, a PE ratio of 14.27 and a beta of 2.74. The stock has a 50-day simple moving average of $36.52 and a 200-day simple moving average of $33.54.

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

at bmo, banking is our personal commitment to helping people at every stage of their financial lives. the truth is, people’s needs change: so we change too. but we never change who we are. which means we’ll never waiver from providing our customers the best possible banking experience in the industry. our incredible team of over 46,000 people is just the tip of the iceberg. you should get to know us. we’re here to help.