MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Trading 0.8% Higher – Still a Buy?

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGDGet Free Report)’s stock price rose 0.8% on Friday . The company traded as high as $14.55 and last traded at $14.53. Approximately 6,343 shares were traded during trading, an increase of 81% from the average daily volume of 3,507 shares. The stock had previously closed at $14.41.

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

The firm has a market capitalization of $2.32 million, a PE ratio of 2.73 and a beta of -5.77. The business’s 50 day moving average is $16.43 and its two-hundred day moving average is $18.78.

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

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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.

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