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

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGDGet Free Report) saw a significant increase in short interest in 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. Currently, 61.7% of the company’s shares are short sold. Based on an average trading volume of 27,520 shares, the days-to-cover ratio is currently 0.7 days.

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

NRGD stock traded up $0.63 during midday trading on Tuesday, hitting $29.38. The stock had a trading volume of 67,403 shares, compared to its average volume of 20,727. The firm has a market cap of $881,400.00, a price-to-earnings ratio of 2.73 and a beta of 1.13. The business has a 50-day moving average of $28.04 and a two-hundred day moving average of $45.86. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a 52-week low of $22.20 and a 52-week high of $115.00.

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

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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.

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