MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Up 340.7% in January

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 28,247 shares, an increase of 340.7% from the December 31st total of 6,409 shares. Approximately 17.7% of the company’s stock are short sold. Based on an average trading volume of 13,046 shares, the short-interest ratio is currently 2.2 days. Based on an average trading volume of 13,046 shares, the short-interest ratio is currently 2.2 days. Approximately 17.7% of the company’s stock are short sold.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Stock Down 3.5%

Shares of NYSEARCA:NRGD opened at $12.30 on Wednesday. The stock’s 50 day moving average is $14.94 and its 200-day moving average is $16.66. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a twelve month low of $11.96 and a twelve month high of $46.73. The firm has a market capitalization of $1.97 million, a price-to-earnings ratio of 2.73 and a beta of -5.77.

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.