MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (NYSEARCA:BNKD) Trading 0.1% Higher – Should You Buy?

MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (NYSEARCA:BNKDGet Free Report) traded up 0.1% during trading on Tuesday . The stock traded as high as $18.33 and last traded at $18.23. 82,200 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 76,901 shares. The stock had previously closed at $18.22.

MicroSectors US Big Banks Index -3X Inverse Leveraged ETN Trading Up 0.1 %

The firm has a market capitalization of $13.29 billion, a P/E ratio of 33.00 and a beta of -3.24. The company’s fifty day simple moving average is $18.23 and its 200 day simple moving average is $20.55.

MicroSectors US Big Banks Index -3X Inverse Leveraged ETN Company Profile

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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.

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