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

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,378 shares, a growth of 24.7% from the December 15th total of 3,512 shares. Based on an average daily trading volume, of 827 shares, the days-to-cover ratio is currently 5.3 days. Currently, 2.7% of the company’s shares are short sold. Currently, 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 827 shares, the days-to-cover ratio is currently 5.3 days.

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 $0.10 during trading on Monday, hitting $9.43. 1,959 shares of the company were exchanged, compared to its average volume of 860. The firm has a market capitalization of $1.51 million, a P/E ratio of 25.88 and a beta of -5.00. The firm’s fifty day moving average price is $11.20 and its 200 day moving average price is $13.96. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 1-year low of $8.64 and a 1-year high of $56.76.

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.