MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Short Interest Down 66.1% in February

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 3,673 shares, a decrease of 66.1% from the February 12th total of 10,843 shares. Currently, 12.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,054 shares, the days-to-cover ratio is currently 3.5 days. Based on an average daily trading volume, of 1,054 shares, the days-to-cover ratio is currently 3.5 days. Currently, 12.2% of the company’s shares are sold short.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Up 0.1%

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs stock traded up $0.03 during midday trading on Friday, hitting $31.77. 8,131 shares of the stock were exchanged, compared to its average volume of 4,247. The stock has a market capitalization of $953,100.00, a price-to-earnings ratio of 2.73 and a beta of -5.77. The stock’s 50-day simple moving average is $51.88 and its 200 day simple moving average is $71.24. MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs has a fifty-two week low of $30.62 and a fifty-two week high of $233.65.

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

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.