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

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 18,495 shares, an increase of 70.1% from the May 14th total of 10,874 shares. Approximately 61.7% of the company’s stock are sold short. Based on an average daily volume of 27,520 shares, the short-interest ratio is currently 0.7 days.

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

Shares of NRGD stock traded up $2.60 on Monday, hitting $28.75. The stock had a trading volume of 87,005 shares, compared to its average volume of 20,305. The business has a 50 day moving average of $27.95 and a 200 day moving average of $46.58. The stock has a market cap of $862,500.00, a price-to-earnings ratio of 2.73 and a beta of 1.13. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 12-month low of $22.20 and a 12-month high of $115.00.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Company Profile

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.