MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Sees Strong Trading Volume – Should You Buy?

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKDGet Free Report) saw unusually-strong trading volume on Monday . Approximately 511 shares were traded during trading, an increase of 67% from the previous session’s volume of 306 shares.The stock last traded at $28.50 and had previously closed at $28.26.

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

The company has a market capitalization of $20.78 billion, a PE ratio of 33.00 and a beta of -3.24. The stock has a fifty day moving average of $18.60 and a 200 day moving average of $18.36.

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

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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.

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