Texas Oil Index ETF (NYSEARCA:OILT) Short Interest Update

Texas Oil Index ETF (NYSEARCA:OILT) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 428 shares, a decline of 33.1% from the May 14th total of 640 shares. Based on an average trading volume of 2,759 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Texas Oil Index ETF Stock Down 3.6%

Shares of OILT stock opened at $28.73 on Tuesday. The business has a 50 day moving average of $30.67 and a two-hundred day moving average of $27.80. Texas Oil Index ETF has a 52 week low of $21.45 and a 52 week high of $34.32. The company has a market cap of $13.50 million, a P/E ratio of 20.97 and a beta of -0.19.

About Texas Oil Index ETF

The Texas Capital Texas Oil Index ETF (OILT) is an exchange-traded fund that is based on the Alerian Texas Weighted Oil and Gas index. The fund is passively managed ETF, tracking an economic-value weighted index that contains stocks of companies that extract oil and gas within Texas. The resulting portfolio is a narrow basket of approximately 30 stocks OILT was launched on Dec 20, 2023 and is issued by Texas Capital.