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

Intel has announced the sale of a 51% share in its Altera programmable chip division to Silver Lake, valuing the unit at $8.75 billion. Intel shares rose 3.9% in premarket trading following the news, signaling investor approval of the strategic move to unlock value from its assets.12

The iShares MBS ETF (MBB) is trading at $92.79, with a 4.02% yield and $36.34 billion in assets, as bond market turbulence continues. Analysts note the ETF remains fairly valued, though some warn of risks from negative convexity and ongoing housing market concerns.34

NRGD, the inverse leveraged ETN tracking big oil, shows strong technical indicators with a 20-day exponential moving average at 31.39 and a price rate of change at 46.99, both signaling a buy. The ETN has gained over 25% since mid-March, reflecting heightened oil market volatility.567