MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Short Interest Update

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 29,223 shares, an increase of 122.9% from the November 30th total of 13,111 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average trading volume of 260,408 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 260,408 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.9% of the shares of the company are sold short.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Performance

NYSEARCA:OILD traded up $0.16 during mid-day trading on Friday, reaching $10.60. 117,384 shares of the company’s stock were exchanged, compared to its average volume of 202,985. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a one year low of $9.06 and a one year high of $24.01. The firm has a market capitalization of $10.60 million, a PE ratio of 12.30 and a beta of -1.75. The business’s fifty day simple moving average is $10.56 and its two-hundred day simple moving average is $11.56.

About MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN

The MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily inverse exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILD was launched on Nov 8, 2021 and is issued by REX Microsectors.