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

MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (NYSEARCA:BNKD)’s stock price shot up 0.1% during trading on Monday . The stock traded as high as $18.33 and last traded at $18.23. 82,200 shares changed hands during 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 Price Performance

The business has a fifty day moving average of $18.23 and a 200-day moving average of $19.27. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 33.00 and a beta of -3.24.

About MicroSectors US Big Banks Index -3X Inverse Leveraged ETN

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.