About MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs (NRGD)

The MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs (NRGD) is an exchange-traded fund (ETF) that provides investors with a way to gain inverse exposure to the performance of the U.S. Big Oil Index. This means that when the index goes down, NRGD aims to deliver a multiple (in this case, three times) of the inverse return. In other words, if the index declines by 1%, NRGD would aim to increase by 3%. However, it's important to note that leveraged and inverse ETFs like NRGD are designed to provide daily returns, so their performance can significantly deviate from the index's performance over longer periods of time.

The U.S. Big Oil Index consists of the largest U.S. companies engaged in the exploration, production, refining, marketing, and distribution of oil and gas. Some of the well-known companies in this index include Exxon Mobil, Chevron, and ConocoPhillips. By offering inverse leveraged exposure to this index, NRGD provides investors with a way to potentially profit from declines in the big oil sector.