MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Down 84.1% in April

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKDGet Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 263 shares, a drop of 84.1% from the April 15th total of 1,649 shares. Based on an average trading volume of 387 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.9% of the company’s stock are sold short.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Down 1.2%

Shares of BNKD traded down $0.56 during midday trading on Tuesday, reaching $45.60. 213 shares of the stock were exchanged, compared to its average volume of 574. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 12-month low of $36.16 and a 12-month high of $127.42. The firm has a 50 day simple moving average of $50.91 and a 200-day simple moving average of $53.70. The company has a market cap of $1.37 million, a price-to-earnings ratio of 25.88 and a beta of -2.67.

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

(Get Free Report)

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.

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