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

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 6,409 shares, a decline of 77.1% from the December 15th total of 28,010 shares. Based on an average daily volume of 5,905 shares, the days-to-cover ratio is currently 1.1 days. Approximately 4.0% of the company’s shares are short sold. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 5,905 shares, the days-to-cover ratio is currently 1.1 days.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Up 5.1%

NYSEARCA:NRGD traded up $0.64 during trading hours on Thursday, hitting $13.24. 13,287 shares of the company were exchanged, compared to its average volume of 12,999. The stock has a market capitalization of $2.12 million, a price-to-earnings ratio of 2.73 and a beta of -5.77. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a one year low of $11.96 and a one year high of $46.73. The company has a fifty day simple moving average of $15.43 and a 200 day simple moving average of $17.11.

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.