Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Expands By 132.2%

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 May. As of May 29th, there was short interest totaling 15,180 shares, a growth of 132.2% from the May 14th total of 6,537 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 128,056 shares, the days-to-cover ratio is currently 0.1 days.

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

NYSEARCA OILD traded down $1.11 during trading hours on Friday, hitting $41.99. The company’s stock had a trading volume of 103,699 shares, compared to its average volume of 86,856. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 12 month low of $33.26 and a 12 month high of $137.40. The company’s 50 day simple moving average is $42.10 and its two-hundred day simple moving average is $62.67. The company has a market cap of $21.00 million, a P/E ratio of 12.30 and a beta of -1.23.

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.