MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Stock Price Down 3.4% – Here’s Why

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKDGet Free Report)’s stock price fell 3.4% during mid-day trading on Monday . The company traded as low as $35.95 and last traded at $35.95. 283 shares changed hands during trading, a decline of 51% from the average session volume of 575 shares. The stock had previously closed at $37.20.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 3.4 %

The stock has a 50 day moving average of $23.65 and a 200-day moving average of $20.14. The company has a market capitalization of $5.75 million, a P/E ratio of 25.88 and a beta of -3.24.

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

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The MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks three times the inverse of the performance of an equal-weighted index of US large banks. BNKD was launched on Apr 5, 2019 and is issued by REX Microsectors.

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