MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Sees Significant Increase in Short Interest

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 797 shares, an increase of 333.2% from the July 15th total of 184 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 444 shares, the short-interest ratio is currently 1.8 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Down 3.9%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded down $1.03 during mid-day trading on Wednesday, hitting $25.60. 187 shares of the company’s stock traded hands, compared to its average volume of 445. The company has a market cap of $768,120.00, a PE ratio of 25.88 and a beta of -2.15. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a one year low of $26.11 and a one year high of $87.20. The firm has a 50 day moving average price of $30.86 and a 200 day moving average price of $42.39.

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

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.