MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Up 199.4% in July

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 25,177 shares, a growth of 199.4% from the June 30th total of 8,410 shares. Based on an average daily volume of 14,045 shares, the days-to-cover ratio is currently 1.8 days. Approximately 83.9% of the shares of the company are sold short.

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

Shares of NRGD stock traded up $1.04 during trading on Tuesday, hitting $22.04. The company had a trading volume of 21,682 shares, compared to its average volume of 20,550. The firm has a market capitalization of $661,200.00, a P/E ratio of 2.73 and a beta of 0.88. The stock’s 50-day moving average price is $26.56 and its 200 day moving average price is $35.47. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a one year low of $18.36 and a one year high of $106.12.

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

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.