MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Sees Large Decrease in Short Interest

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 3,673 shares, a decrease of 66.1% from the February 12th total of 10,843 shares. Based on an average daily trading volume, of 1,054 shares, the days-to-cover ratio is currently 3.5 days. Currently, 12.2% of the company’s shares are sold short. Currently, 12.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,054 shares, the days-to-cover ratio is currently 3.5 days.

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

Shares of NRGD stock opened at $37.97 on Wednesday. The stock has a 50 day moving average price of $54.68 and a 200 day moving average price of $72.14. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 52-week low of $34.00 and a 52-week high of $233.65. The firm has a market capitalization of $1.14 million, a P/E ratio of 2.73 and a beta of -5.77.

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.