MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Sets New 1-Year Low – Should You Sell?

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGDGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $24.63 and last traded at $24.63, with a volume of 221 shares trading hands. The stock had previously closed at $165.37.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Trading Up 7.8 %

The business has a fifty day moving average price of $162.92 and a two-hundred day moving average price of $164.77. The firm has a market capitalization of $18.78 billion and a PE ratio of 2.48.

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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