MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) Stock Price Up 4.2%

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD)’s stock price traded up 4.2% on Wednesday . The company traded as high as $174.00 and last traded at $174.00. 2,733 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 32,745 shares. The stock had previously closed at $166.92.

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN Trading Up 0.3 %

The firm’s 50 day simple moving average is $163.62 and its 200-day simple moving average is $186.52. The company has a market capitalization of $124.31 billion and a price-to-earnings ratio of 2.48.

Institutional Investors Weigh In On MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN

A hedge fund recently raised its stake in MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN stock. Wellspring Financial Advisors LLC raised its position in MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,025 shares of the company’s stock after purchasing an additional 87 shares during the period. Wellspring Financial Advisors LLC owned about 10.13% of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN worth $465,000 at the end of the most recent reporting period.

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.