MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs company info

What does MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs do?
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs (NYSE:NRGD) is a specialized exchange-traded note that aims to offer three times the inverse exposure to the performance of an index composed of major U.S. oil companies. As an inverse leveraged ETN, it's designed for sophisticated investors seeking a short position in the oil sector, meaning it increases in value when the underlying oil index decreases, and vice versa. The primary objective of NRGD is to provide a potent tool for investors looking to hedge against or speculate on the declines in the big oil sector with amplified results. This product is primarily traded on the New York Stock Exchange Arca, indicating its niche role in financial and commodity markets, specifically targeting investors with a particular interest in the energy sector's fluctuations.
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs company media
Company Snapshot

Is MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs a public or private company?

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Ownership
Public

How many people does MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs employ?

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Employees
17

What sector is MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs in?

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Sector
ETF

Where is the head office for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs?

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Head Office
New York, United States

What year was MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs founded?

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Year Founded
2019
What does MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs specialise in?
/Inverse Leveraged /Oil Index /Exchange Traded Notes /Risk Management /Investment Products /Market Exposure
What are the products and/or services of MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs?
Overview of MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs offerings
Targets Inverse Daily Return of the U.S. Big Oil Index (3x Leveraged): NRGD aims to deliver daily returns that are -3 times (3x leveraged) the inverse performance of the U.S. Big Oil Index. This means if the index goes down 1%, NRGD seeks to go up 3%, and vice versa.
Seeks to Capitalize on Downturns in Big Oil Stocks: NRGD benefits when the prices of stocks in the U.S. Big Oil Index are declining. The 3x leverage amplifies those downward movements.
Short-Term Investment Focus: Due to the compounding effect of leverage, NRGD is designed for short-term trading and may not be suitable for long-term investors aiming to track the oil market.
Potential for Magnified Gains: While NRGD targets magnified returns when the U.S. big oil sector declines, it can also amplify gains if the index rebounds slightly.
High Risk Profile: Due to the leveraged nature, NRGD is considered a high-risk investment compared to traditional ETFs or stocks. Investors should be aware of the potential for significant capital loss, even if the U.S. big oil companies experience a moderate decline in stock prices.
Volatility Decay Over Time: The daily reset mechanism of the leverage can cause NRGD's performance to deviate from its target return over extended periods, especially in volatile markets.