Short Interest in MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Declines By 81.3%

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,947 shares, a drop of 81.3% from the February 12th total of 10,428 shares. Currently, 6.5% of the company’s stock are short sold. Based on an average daily trading volume, of 925 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 925 shares, the short-interest ratio is currently 2.1 days. Currently, 6.5% of the company’s stock are short sold.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 0.7%

NYSEARCA:BNKD traded down $0.43 during midday trading on Tuesday, hitting $58.53. 1,426 shares of the company were exchanged, compared to its average volume of 495. The company has a fifty day simple moving average of $48.87 and a 200 day simple moving average of $60.28. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a fifty-two week low of $40.65 and a fifty-two week high of $283.80. The company has a market capitalization of $1.76 million, a PE ratio of 25.88 and a beta of -5.00.

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.