Short Interest in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Grows By 373.3%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 38,105 shares, a growth of 373.3% from the August 15th total of 8,051 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 76,395 shares, the days-to-cover ratio is currently 0.5 days.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Down 0.3%

Shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock traded down $0.15 on Friday, reaching $56.13. 98,960 shares of the company were exchanged, compared to its average volume of 237,814. The company has a market capitalization of $84.19 million, a price-to-earnings ratio of 8.27 and a beta of 1.26. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a one year low of $19.78 and a one year high of $61.42. The company has a 50-day moving average of $46.61 and a 200 day moving average of $44.59.

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

The MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (OILU) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily leveraged exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILU was launched on Nov 12, 2021 and is issued by REX Microsectors.