MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 15,974 shares, a drop of 45.3% from the September 30th total of 29,193 shares. Based on an average daily trading volume, of 48,804 shares, the short-interest ratio is currently 0.3 days. Approximately 1.1% of the company’s stock are sold short.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Performance
Shares of NYSEARCA:OILU traded down $8.14 on Monday, hitting $57.60. 72,102 shares of the company’s stock were exchanged, compared to its average volume of 207,902. The firm’s 50-day moving average is $54.46 and its 200 day moving average is $44.92. The company has a market capitalization of $86.40 million, a PE ratio of 8.27 and a beta of 1.29. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1-year low of $21.29 and a 1-year high of $65.99.
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.
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