MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) Trading Down 3.3%

Shares of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) traded down 3.3% during trading on Thursday . The stock traded as low as $173.07 and last traded at $174.80. 4,987 shares were traded during mid-day trading, a decline of 84% from the average session volume of 31,032 shares. The stock had previously closed at $180.77.

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN Trading Down 3.3 %

The business’s 50-day simple moving average is $169.14 and its two-hundred day simple moving average is $182.20. The firm has a market cap of $127.43 billion and a price-to-earnings ratio of 2.48.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN stock. Wellspring Financial Advisors LLC increased its stake in shares of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.