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

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD)’s stock price was up 3% during trading on Wednesday . The stock traded as high as $162.68 and last traded at $162.68. Approximately 4,820 shares were traded during trading, a decline of 87% from the average daily volume of 36,763 shares. The stock had previously closed at $158.00.

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN Stock Up 2.0 %

The stock has a market capitalization of $122.18 billion and a PE ratio of 2.48. The business’s 50-day moving average is $146.66 and its two-hundred day moving average is $198.51.

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 increased its holdings 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 firm owned 2,025 shares of the company’s stock after acquiring an additional 87 shares during the quarter. Wellspring Financial Advisors LLC owned approximately 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.