MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Update

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 6,409 shares, a drop of 77.1% from the December 15th total of 28,010 shares. Based on an average trading volume of 5,905 shares, the days-to-cover ratio is currently 1.1 days. Approximately 4.0% of the shares of the stock are short sold. Approximately 4.0% of the shares of the stock are short sold. Based on an average trading volume of 5,905 shares, the days-to-cover ratio is currently 1.1 days.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Down 4.3%

NYSEARCA:NRGD traded down $0.61 during midday trading on Tuesday, hitting $13.60. 11,413 shares of the stock were exchanged, compared to its average volume of 11,908. The company has a market capitalization of $2.18 million, a price-to-earnings ratio of 2.73 and a beta of -5.77. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a one year low of $13.20 and a one year high of $46.73. The business has a 50-day moving average price of $15.62 and a two-hundred day moving average price of $17.20.

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.