MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Stock Short Interest Rises 57.2%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 59,886 shares, an increase of 57.2% from the August 31st total of 38,105 shares. Based on an average daily volume of 90,484 shares, the short-interest ratio is currently 0.7 days. Currently, 4.0% of the shares of the stock are sold short.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Down 0.6%

NYSEARCA:OILU traded down $0.26 during trading hours on Wednesday, reaching $45.32. 23,330 shares of the company’s stock were exchanged, compared to its average volume of 227,257. The company has a market capitalization of $67.98 million, a P/E ratio of 8.27 and a beta of 1.26. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 12 month low of $19.78 and a 12 month high of $61.42. The business’s 50-day simple moving average is $49.50 and its two-hundred day simple moving average is $45.38.

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.