Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Increases By 237.3%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 139,033 shares, a growth of 237.3% from the February 12th total of 41,214 shares. Based on an average daily trading volume, of 57,369 shares, the short-interest ratio is presently 2.4 days. Approximately 27.8% of the company’s stock are short sold. Approximately 27.8% of the company’s stock are short sold. Based on an average daily trading volume, of 57,369 shares, the short-interest ratio is presently 2.4 days.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Down 7.6%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN stock traded down $3.93 during trading hours on Wednesday, hitting $48.08. 96,402 shares of the stock traded hands, compared to its average volume of 52,920. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a one year low of $46.46 and a one year high of $240.10. The company has a market cap of $24.04 million, a PE ratio of 12.30 and a beta of -1.75. The firm’s 50-day moving average price is $69.59 and its two-hundred day moving average price is $95.20.

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

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.