MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Down 48.7% in April

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 21,310 shares, a drop of 48.7% from the April 15th total of 41,535 shares. Based on an average daily trading volume, of 38,071 shares, the short-interest ratio is currently 0.6 days. Approximately 71.0% of the company’s stock are sold short.

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

NRGD stock traded down $2.55 on Friday, reaching $24.99. 91,429 shares of the company traded hands, compared to its average volume of 17,534. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a one year low of $22.20 and a one year high of $136.43. The company has a market cap of $749,700.00, a P/E ratio of 2.73 and a beta of 0.88. The firm has a fifty day simple moving average of $29.59 and a 200-day simple moving average of $54.43.

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.