MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Sees Large Growth in Short Interest

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 15,502 shares, a growth of 322.1% from the February 26th total of 3,673 shares. Currently, 51.7% of the shares of the stock are sold short. Based on an average daily volume of 14,651 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 14,651 shares, the days-to-cover ratio is currently 1.1 days. Currently, 51.7% of the shares of the stock are sold short.

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

NRGD stock opened at $26.19 on Wednesday. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a one year low of $25.32 and a one year high of $233.65. The stock has a market cap of $785,700.00, a PE ratio of 2.73 and a beta of -5.77. The firm has a 50 day simple moving average of $45.93 and a two-hundred day simple moving average of $68.46.

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

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.