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MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs (NRGD)

Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
23.23 USD -3.43 (-12.866%) ⇩ (July 13, 2026, 3:22 p.m. EDT)

Short-term:⯪☆☆☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 3:18 a.m. EDT

This instrument is a leveraged inverse ETN designed to profit from falling oil prices, making it fundamentally unsuitable for long-term holding due to the inevitable decay of leveraged products over time and the absence of any underlying business assets. The price history confirms a catastrophic multi-year decline, dropping from nearly $89 to roughly $27, which aligns with the inverse nature of the fund tracking a rising energy sector. While the recent 14-day price action shows some volatility and a slight recovery attempt, the massive gap between the 52-week low and high indicates extreme instability rather than a sustainable trend. With zero dividends and a structure that erodes capital in flat or rising markets, there is no rational basis for a long-term investment thesis.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.087223
AutoETS0.087225
MSTL0.090847
AutoTheta0.099901

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 38%
H-stat 0.49
Ljung-Box p 0.000
Jarque-Bera p 0.286
Excess Kurtosis -1.15
Attribute Value
Trailing P/E 14.17

Info Dump

Attribute Value
All Time High 233.65
All Time Low 22.2
Ask 37.16
Ask Size 200
Average Daily Volume10 Day 13,790
Average Daily Volume3 Month 29,065
Average Volume 29,065
Average Volume10Days 13,790
Beta3 Year 0.0
Bid 10.21
Bid Size 200
Category Trading--Inverse Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 24.845
Day Low 23.0001
Dividend Yield 0.0
Earnings Call Timestamp End 1,748,433,600
Earnings Call Timestamp Start 1,748,433,600
Earnings Timestamp End 1,756,470,600
Earnings Timestamp Start 1,756,125,000
Eps Trailing Twelve Months 1.6398623
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 27.61468
Fifty Day Average Change -4.384779
Fifty Day Average Change Percent -0.15878436
Fifty Two Week Change Percent -76.2438
Fifty Two Week High 106.125
Fifty Two Week High Change -82.895096
Fifty Two Week High Change Percent -0.7811081
Fifty Two Week Low 22.2
Fifty Two Week Low Change 1.0298996
Fifty Two Week Low Change Percent 0.04639187
Fifty Two Week Range 22.2 - 106.125
First Trade Date Milliseconds 1,740,061,800,000
Full Exchange Name NYSEArca
Fund Family BMO Capital Markets
Fund Inception Date 1,740,009,600
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Is Earnings Date Estimate 0
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The ETNs are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, minus the Daily Investor Fee and, if applicable, the Redemption Fee Amount plus the Daily Interest (which could be negative).
Long Name MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_1932060441
Nav Price 26.57953
Net Assets 30,846,314.0
Net Expense Ratio 0.35
Open 25.19
Pre Market Change -0.28009987
Pre Market Change Percent -1.2178203
Pre Market Price 22.72
Pre Market Time 1,784,031,547
Previous Close 26.66
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -3.4301
Regular Market Change Percent -12.8661
Regular Market Day High 24.845
Regular Market Day Low 23.0001
Regular Market Day Range 23.0001 - 24.845
Regular Market Open 25.19
Regular Market Previous Close 26.66
Regular Market Price 23.2299
Regular Market Time 1,783,970,574
Regular Market Volume 50,681
Short Name MicroSectors U.S. Big Oil -3 In
Source Interval 15
Symbol NRGD
Total Assets 30,846,314
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 14.165763
Trailing Peg Ratio None
Trailing Three Month Nav Returns 29.45852
Trailing Three Month Returns 29.45852
Triggerable 1
Two Hundred Day Average 52.35997
Two Hundred Day Average Change -29.13007
Two Hundred Day Average Change Percent -0.55634236
Type Disp ETF
Volume 50,681
Yield 0.0
Ytd Return -61.13946