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) saw a large increase in short interest during the month of 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. Currently, 2.7% of the company’s shares are short sold. Based on an average trading volume of 444 shares, the days-to-cover ratio is currently 1.8 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 0.0%

Shares of NYSEARCA:BNKD traded down $0.01 during mid-day trading on Thursday, reaching $25.64. The stock had a trading volume of 167 shares, compared to its average volume of 440. The firm has a 50 day simple moving average of $30.35 and a two-hundred day simple moving average of $42.05. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a twelve month low of $25.64 and a twelve month high of $87.20. The firm has a market cap of $769,200.00, a PE ratio of 25.88 and a beta of -2.15.

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.