Short Interest in MicroSectors U.S. Big Banks 3X Leveraged ETNs (NYSEARCA:BNKU) Drops By 54.0%

MicroSectors U.S. Big Banks 3X Leveraged ETNs (NYSEARCA:BNKUGet Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 10,277 shares, a drop of 54.0% from the April 15th total of 22,355 shares. Approximately 6.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,902 shares, the days-to-cover ratio is presently 1.2 days.

MicroSectors U.S. Big Banks 3X Leveraged ETNs Stock Down 1.9%

NYSEARCA BNKU traded down $0.57 during trading on Friday, hitting $29.95. 3,551 shares of the stock traded hands, compared to its average volume of 18,951. The company has a market capitalization of $4.79 million, a P/E ratio of 14.27 and a beta of 3.26. The firm has a 50-day simple moving average of $29.22 and a 200-day simple moving average of $31.03. MicroSectors U.S. Big Banks 3X Leveraged ETNs has a 12-month low of $16.28 and a 12-month high of $40.76.

About MicroSectors U.S. Big Banks 3X Leveraged ETNs

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at bmo, banking is our personal commitment to helping people at every stage of their financial lives. the truth is, people’s needs change: so we change too. but we never change who we are. which means we’ll never waiver from providing our customers the best possible banking experience in the industry. our incredible team of over 46,000 people is just the tip of the iceberg. you should get to know us. we’re here to help.

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