MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Up 199.4% in July

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD – Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 25,177 shares, a growth of 199.4% from the June 30th total of 8,410 shares. Approximately 83.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,045 shares, the short-interest ratio is currently 1.8 days.

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

NYSEARCA NRGD traded up $0.95 during trading on Monday, reaching $20.61. The company’s stock had a trading volume of 26,225 shares, compared to its average volume of 20,434. The stock has a market capitalization of $618,450.00, a PE ratio of 2.73 and a beta of 0.88. The firm has a fifty day moving average of $26.61 and a 200 day moving average of $35.85. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a one year low of $18.36 and a one year high of $106.12.

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

(Get Free Report)

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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