MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) Shares Down 3.1%

MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) shares dropped 3.1% during mid-day trading on Monday . The stock traded as low as $136.08 and last traded at $138.34. Approximately 67,504 shares traded hands during trading, an increase of 65% from the average daily volume of 40,907 shares. The stock had previously closed at $142.71.

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

The firm has a 50 day moving average of $165.88 and a 200-day moving average of $208.54.

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 raised its stake in shares of MicroSectors U.S. Big Oil Index -3x Inverse Leveraged ETN (NYSEARCA:NRGD) by 4.5% in the 4th quarter, according to 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 period. Wellspring Financial Advisors LLC owned 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.