MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGD) Reaches New 1-Year High – What’s Next?

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSEARCA:NRGDGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as $25.75 and last traded at $25.75, with a volume of 11 shares traded. The stock had previously closed at $23.88.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Stock Performance

The business has a 50-day simple moving average of $160.12 and a two-hundred day simple moving average of $163.80. The company has a market capitalization of $18.78 billion and a price-to-earnings ratio of 2.48.

MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs Company Profile

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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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