MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) Shares Up 4.1%

Posted by Adam Masters on Jul 5th, 2024

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD – Get Free Report)’s share price was up 4.1% on Friday . The stock traded as high as $171.50 and last traded at $171.50. Approximately 2,970 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 31,702 shares. The stock had previously closed at $164.69.

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

The firm has a market capitalization of $124.99 billion and a price-to-earnings ratio of 2.48. The stock has a fifty day moving average of $166.44 and a two-hundred day moving average of $183.65.

Hedge Funds Weigh In On 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 position in shares of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD – Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 about 10.13% of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN worth $465,000 as of its most recent SEC filing.

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

(Get Free Report)

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.