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

Shares of MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKDGet Free Report) saw unusually-strong trading volume on Monday . Approximately 511 shares were traded during mid-day 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 Stock Down 1.0 %

The firm has a market capitalization of $21.33 billion, a P/E ratio of 33.00 and a beta of -3.24. The firm has a 50 day moving average of $19.04 and a 200-day moving average of $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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