MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) Trading Up 0.2%

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD)’s stock price shot up 0.2% on Friday . The stock traded as high as $165.76 and last traded at $165.76. 5,600 shares traded hands during trading, a decline of 81% from the average session volume of 29,459 shares. The stock had previously closed at $165.37.

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN Price Performance

The company has a fifty day moving average price of $172.52 and a two-hundred day moving average price of $174.74. The company has a market capitalization of $120.88 billion and a P/E ratio of 2.48.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN stock. Wellspring Financial Advisors LLC raised its stake in MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,025 shares of the company’s stock after buying 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 quarter.

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

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.