MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD) Sees Strong Trading Volume – Still a Buy?

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKDGet Free Report) shares saw an uptick in trading volume on Monday . 511 shares changed hands during trading, an increase of 67% from the previous session’s volume of 306 shares.The stock last traded at $28.50 and had previously closed at $28.26.

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs Trading Down 1.0 %

The company has a market capitalization of $21.33 billion, a P/E ratio of 33.00 and a beta of -3.24. The firm’s 50 day moving average price is $19.04 and its two-hundred day moving average price is $18.52.

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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