NRGU – US Big Oil Index thoughts?

Picking up more and more chatter about NRGU – MicroSectors U S Big Oil Index 3X Leveraged ETN.

Decided to check up the short interest.

Fintel short interest NRGU

It seems to be climbing steadily and the days to settle is 0.03. 40% of dark pool trading is sold short. If it has more upward movement it could start popping.

Am I wrong? With all this turbulence between Russia shouldn’t this positively affect NRGU? Hoping more or you wizards on this sub can share some more knowledge.



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