MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Update

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 380 shares, a decrease of 60.2% from the June 15th total of 954 shares. Based on an average trading volume of 342 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.3% of the shares of the company are sold short.

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

Shares of MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded down $0.76 during midday trading on Tuesday, hitting $28.26. The company had a trading volume of 255 shares, compared to its average volume of 463. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 1-year low of $26.94 and a 1-year high of $91.86. The business’s 50 day simple moving average is $37.41 and its two-hundred day simple moving average is $45.33. The stock has a market cap of $847,800.00, a PE ratio of 25.88 and a beta of -2.23.

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

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.