MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (NYSEARCA:BNKD) Trading 7% Higher

MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (NYSEARCA:BNKD)’s share price traded up 7% on Wednesday . The stock traded as high as $14.28 and last traded at $14.28. 23,954 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 16,080 shares. The stock had previously closed at $13.35.

The firm’s fifty day moving average price is $11.52 and its two-hundred day moving average price is $22.06.

A hedge fund recently bought a new stake in MicroSectors US Big Banks Index -3X Inverse Leveraged ETN stock. XR Securities LLC bought a new position in MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (NYSEARCA:BNKD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,255 shares of the company’s stock, valued at approximately $158,000. XR Securities LLC owned approximately 2.25% of MicroSectors US Big Banks Index -3X Inverse Leveraged ETN as of its most recent filing with the Securities & Exchange Commission.

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