In trading on Wednesday, shares of the MicroSectors US Big Banks -3X Inverse Leveraged ETN ETF (Symbol: BNKD) fell to $41.82 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 29.4, indicating potential exhaustion of recent heavy selling. For context, the S&P 500’s RSI is at 68.2.
BNKD’s 52-week range shows a low point of $40.6525 and a high of $211.35. Currently, the ETF is down about 2.6% for the day, suggesting a continued downward trend in value.
