MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Sees Large Volume Increase – Still a Buy?

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGDGet Free Report) shares saw strong trading volume on Monday . 372 shares changed hands during trading, an increase of 96% from the previous session’s volume of 190 shares.The stock last traded at $25.66 and had previously closed at $25.75.

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

The company has a market cap of $18.87 billion and a PE ratio of 2.48. The company’s 50-day simple moving average is $160.12 and its 200 day simple moving average is $163.77.

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

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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.

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