MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Sees Large Increase in Short Interest

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,649 shares, a growth of 1,961.3% from the March 31st total of 80 shares. Based on an average trading volume of 505 shares, the short-interest ratio is presently 3.3 days. Approximately 5.5% of the shares of the stock are short sold.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Up 2.9%

BNKD opened at $44.22 on Friday. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 52 week low of $39.28 and a 52 week high of $165.98. The business’s fifty day simple moving average is $51.97 and its 200 day simple moving average is $55.77. The stock has a market cap of $1.33 million, a PE ratio of 25.88 and a beta of -3.17.

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

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.