MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (NYSEARCA:BNKD) Shares Gap Up – Time to Buy?

MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (NYSEARCA:BNKDGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $18.22, but opened at $25.07. MicroSectors US Big Banks Index -3X Inverse Leveraged ETN shares last traded at $25.70, with a volume of 201 shares trading hands.

MicroSectors US Big Banks Index -3X Inverse Leveraged ETN Stock Up 41.1 %

The stock has a fifty day simple moving average of $18.23 and a 200-day simple moving average of $18.23. The company has a market capitalization of $18.74 billion, a P/E ratio of 33.00 and a beta of -3.24.

About MicroSectors US Big Banks Index -3X Inverse Leveraged ETN

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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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