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 increase in short interest during the month of May. As of May 15th, there was short interest totaling 619 shares, an increase of 135.4% from the April 30th total of 263 shares. Based on an average daily trading volume, of 224 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.1% of the company’s stock are short sold.

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

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded down $1.33 during midday trading on Friday, reaching $41.63. The company’s stock had a trading volume of 13 shares, compared to its average volume of 526. The stock’s 50-day simple moving average is $46.89 and its 200-day simple moving average is $51.35. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 52-week low of $36.16 and a 52-week high of $122.65. The stock has a market capitalization of $1.25 million, a P/E ratio of 25.88 and a beta of -2.67.

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.