MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Up 24.7% in December

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 4,378 shares, a growth of 24.7% from the December 15th total of 3,512 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 827 shares, the days-to-cover ratio is presently 5.3 days. Based on an average daily trading volume, of 827 shares, the days-to-cover ratio is presently 5.3 days. Approximately 2.7% of the shares of the stock are sold short.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 1.0%

Shares of BNKD stock traded down $0.10 during trading hours on Friday, reaching $9.43. The stock had a trading volume of 1,959 shares, compared to its average volume of 860. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 12 month low of $8.64 and a 12 month high of $56.76. The firm has a market capitalization of $1.51 million, a PE ratio of 25.88 and a beta of -5.00. The stock’s fifty day simple moving average is $11.20 and its 200 day simple moving average is $13.99.

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

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.