BNKD Stock Summary and Trading Ideas (Microsectors US Big Banks Index -3X Inverse Leveraged ETN | ARCA:BNKD)

The return on the MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (-3X ETNs) is linked to a three times inverse leveraged participation the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide inverse leveraged exposure to the Solactive MicroSectors U.S. Big Banks Index. The Solactive MicroSectors U.S. Big Banks Index, an equal-dollar weighted index, was created by Solactive AG in 2019 to provide exposure to the 10 largest U.S. banks and financial services companies. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .

Microsectors US Big Banks Index -3X Inverse Leveraged ETN trades on the ARCA stock market under the symbol BNKD.

As of April 24, 2024, BNKD stock price declined to $4.53 with 241,235 million shares trading.

BNKD has a beta of -3.85, meaning it tends to be less sensitive to market movements. BNKD has a correlation of 0.39 to the broad based SPY ETF.

BNKD has a market cap of $11.33 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BNKD stock traded as high as $18.40 and as low as $4.48.

BNKD has underperformed the market in the last year with a price return of -63.9% while the SPY ETF gained +24.1%. BNKD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -29.8% and -9.8%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

BNKD support price is $4.37 and resistance is $4.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BNKD stock will trade within this expected range on the day.