MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Short Interest Up 58.6% in August

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,264 shares, an increase of 58.6% from the July 30th total of 797 shares. Based on an average trading volume of 256 shares, the short-interest ratio is currently 4.9 days. Currently, 4.2% of the company’s shares are short sold.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Up 2.3%

BNKD opened at $28.34 on Wednesday. The stock’s 50-day moving average price is $28.44 and its 200 day moving average price is $40.36. MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs has a 12-month low of $25.00 and a 12-month high of $80.29. The firm has a market cap of $850,200.00, a price-to-earnings ratio of 25.88 and a beta of -2.12.

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.