MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Down 89.6% in August

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 131 shares, a decrease of 89.6% from the August 15th total of 1,264 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 267 shares, the days-to-cover ratio is presently 0.5 days.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Stock Down 1.0%

NYSEARCA:BNKD traded down $0.27 during trading hours on Friday, hitting $26.70. 186 shares of the stock traded hands, compared to its average volume of 419. The company has a market cap of $801,000.00, a price-to-earnings ratio of 25.88 and a beta of -2.12. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 1 year low of $25.00 and a 1 year high of $80.29. The stock has a 50 day moving average price of $27.66 and a 200 day moving average price of $39.25.

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

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.