MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) Shares Down 3.4%

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD)’s stock price dropped 3.4% during trading on Monday . The stock traded as low as $149.76 and last traded at $150.12. Approximately 16,529 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 39,470 shares. The stock had previously closed at $155.40.

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN Stock Up 0.1 %

The company has a 50 day moving average of $153.33 and a 200 day moving average of $203.79. The firm has a market cap of $112.42 billion and a price-to-earnings ratio of 2.48.

Hedge Funds Weigh In On MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN

An institutional investor recently raised its position in MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN stock. Wellspring Financial Advisors LLC grew its stake in shares of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,025 shares of the company’s stock after acquiring an additional 87 shares during the period. Wellspring Financial Advisors LLC owned about 10.13% of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN worth $465,000 at the end of the most recent reporting period.

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN Company Profile

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.