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) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 131 shares, a drop of 89.6% from the August 15th total of 1,264 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 267 shares, the days-to-cover ratio is presently 0.5 days.

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

Shares of NYSEARCA:BNKD traded up $0.16 during midday trading on Thursday, hitting $26.97. 105 shares of the stock were exchanged, compared to its average volume of 420. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 52-week low of $25.00 and a 52-week high of $80.29. The business’s fifty day simple moving average is $27.66 and its two-hundred day simple moving average is $39.25. The company has a market capitalization of $809,100.00, a PE ratio of 25.88 and a beta of -2.12.

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.