MicroSectors U.S. Big Oil 3X Leveraged ETNs (NYSEARCA:NRGU) Sees Large Drop in Short Interest

MicroSectors U.S. Big Oil 3X Leveraged ETNs (NYSEARCA:NRGU) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 47,725 shares, a drop of 35.4% from the February 26th total of 73,928 shares. Based on an average daily volume of 333,980 shares, the days-to-cover ratio is presently 0.1 days. Currently, 29.8% of the company’s stock are short sold.

MicroSectors U.S. Big Oil 3X Leveraged ETNs Trading Up 3.9%

NYSEARCA:NRGU opened at $52.72 on Monday. The firm’s 50 day moving average is $31.16 and its 200 day moving average is $23.29. MicroSectors U.S. Big Oil 3X Leveraged ETNs has a 12 month low of $10.28 and a 12 month high of $52.28. The stock has a market capitalization of $8.43 million, a PE ratio of 7.59 and a beta of -5.76.

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

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