NRGDMicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
NRGD Fund Description
NRGD tracks three times the inverse of the performance of an equal-weighted index of U.S. Oil & Gas Companies.
NRGD Factset Analytics Insight
NRGD is an inverse leveraged take on the US Oil and Gas industry. Specifically, the fund tracks three times the inverse of the Solactive MicroSectors US Big Oil index, which selects the 10 largest qualifying stocks based on their free-float market cap level and equally weights them. The product isn’t designed for long-term investors as the fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
NRGD Portfolio Data
NRGD Index Data
NRGD Fund Structure
NRGD Tax Exposures
NRGD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NRGD. NRGD is rated a N/A out of 5.