MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Short Interest Update

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 11,508 shares, a decrease of 81.1% from the July 15th total of 61,003 shares. Based on an average daily volume of 199,102 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.8% of the shares of the company are short sold.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Performance

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock traded up $2.16 during midday trading on Friday, hitting $49.55. 159,439 shares of the company’s stock were exchanged, compared to its average volume of 257,068. 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 stock has a market cap of $74.33 million, a price-to-earnings ratio of 8.27 and a beta of 1.24. The firm’s 50 day simple moving average is $39.43 and its 200 day simple moving average is $41.96.

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

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.