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

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 15,502 shares, an increase of 322.1% from the February 26th total of 3,673 shares. Based on an average daily volume of 14,651 shares, the short-interest ratio is currently 1.1 days. Approximately 51.7% of the shares of the company are short sold.

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

NYSEARCA NRGD traded down $2.23 on Thursday, hitting $24.49. 51,223 shares of the stock traded hands, compared to its average volume of 7,945. The business’s fifty day moving average is $44.37 and its two-hundred day moving average is $67.86. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 12 month low of $24.06 and a 12 month high of $233.65. The firm has a market capitalization of $734,700.00, a price-to-earnings ratio of 2.73 and a beta of -5.77.

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

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.