MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Up 213.7% in February

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 10,428 shares, a growth of 213.7% from the January 29th total of 3,324 shares. Based on an average daily volume of 2,904 shares, the days-to-cover ratio is currently 3.6 days. Approximately 6.5% of the company’s stock are short sold. Approximately 6.5% of the company’s stock are short sold. Based on an average daily volume of 2,904 shares, the days-to-cover ratio is currently 3.6 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Up 14.0%

Shares of MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded up $6.64 during trading on Friday, reaching $53.91. The stock had a trading volume of 1,456 shares, compared to its average volume of 443. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 52 week low of $40.65 and a 52 week high of $283.80. The company has a market capitalization of $1.62 million, a price-to-earnings ratio of 25.88 and a beta of -5.00. The stock has a fifty day moving average price of $47.85 and a two-hundred day moving average price of $61.89.

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.