MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) Shares Gap Up to $175.09

Shares of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGDGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $175.09, but opened at $179.86. MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN shares last traded at $184.33, with a volume of 8,651 shares changing hands.

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

The company has a market cap of $131.44 billion and a P/E ratio of 2.48. The company’s 50-day moving average is $148.50 and its two-hundred day moving average is $193.90.

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 lifted its position in shares of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGDFree Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,025 shares of the company’s stock after acquiring an additional 87 shares during the period. Wellspring Financial Advisors LLC owned approximately 10.13% of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

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.

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