MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Up 333.2% in July

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 797 shares, an increase of 333.2% from the July 15th total of 184 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 444 shares, the days-to-cover ratio is currently 1.8 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 $1.03 during trading on Wednesday, hitting $25.60. The stock had a trading volume of 187 shares, compared to its average volume of 445. The business has a fifty day moving average of $30.86 and a two-hundred day moving average of $42.39. The firm has a market cap of $768,120.00, a P/E ratio of 25.88 and a beta of -2.15. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a fifty-two week low of $26.11 and a fifty-two week high of $87.20.

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

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.