MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Update

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 3,324 shares, a drop of 17.1% from the January 15th total of 4,010 shares. Based on an average daily trading volume, of 999 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.1% of the shares of the company are sold short. Approximately 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 999 shares, the days-to-cover ratio is currently 3.3 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Price Performance

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded down $0.06 during midday trading on Monday, hitting $10.06. The company’s stock had a trading volume of 9,114 shares, compared to its average volume of 1,524. The company has a market cap of $1.61 million, a price-to-earnings ratio of 25.88 and a beta of -5.00. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 1-year low of $8.13 and a 1-year high of $56.76. The company has a 50-day moving average price of $9.69 and a two-hundred day moving average price of $12.79.

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.