Short Interest in MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Increases By 322.1%

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 15,502 shares, an increase of 322.1% from the February 26th total of 3,673 shares. Approximately 51.7% of the company’s stock are sold short. Based on an average daily trading volume, of 14,651 shares, the short-interest ratio is presently 1.1 days.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Down 8.3%

Shares of NRGD stock opened at $24.49 on Friday. The company has a market capitalization of $734,700.00, a price-to-earnings ratio of 2.73 and a beta of -5.77. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 1-year low of $24.06 and a 1-year high of $233.65. The stock’s fifty day simple moving average is $44.37 and its 200-day simple moving average is $67.86.

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.