MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Shares Shorted: Short Interest Up 83.1% in September

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 35,278 shares, an increase of 83.1% from the August 31st total of 19,265 shares. Based on an average daily trading volume, of 106,282 shares, the days-to-cover ratio is currently 0.3 days. Currently, 7.1% of the shares of the company are short sold.

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

Shares of OILD traded up $0.95 during mid-day trading on Tuesday, reaching $32.00. 102,445 shares of the company’s stock were exchanged, compared to its average volume of 84,315. The stock has a market capitalization of $16 million, a PE ratio of 12.30 and a beta of -1.26. The business’s fifty day simple moving average is $31.65 and its 200-day simple moving average is $39.43. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52-week low of $25.58 and a 52-week high of $129.20.

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

(Get Free Report)

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.

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