MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Shares Shorted: Short Interest Up 273.8% in October

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 770 shares, an increase of 273.8% from the September 30th total of 206 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,456 shares, the days-to-cover ratio is currently 0.5 days.

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

Shares of MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs stock traded down $0.85 during trading hours on Wednesday, reaching $35.39. 81 shares of the company were exchanged, compared to its average volume of 457. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 1 year low of $25.00 and a 1 year high of $73.20. The stock’s fifty day moving average is $32.11 and its 200 day moving average is $39.74. The firm has a market cap of $1.06 million, a PE ratio of 25.88 and a beta of -2.35.

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.