MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) Shares Gap Down to $170.47

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $170.47, but opened at $165.84. MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN shares last traded at $165.28, with a volume of 1,642 shares changing hands.

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN Stock Performance

The firm has a market capitalization of $122.45 billion and a PE ratio of 2.48. The firm’s 50 day moving average price is $164.12 and its 200-day moving average price is $185.34.

Institutional Trading of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN

An institutional investor recently raised its position in MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN stock. Wellspring Financial Advisors LLC grew its holdings 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 13F filing with the Securities & Exchange Commission. The fund owned 2,025 shares of the company’s stock after purchasing 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.