Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Increases By 237.3%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 139,033 shares, a growth of 237.3% from the February 12th total of 41,214 shares. Approximately 27.8% of the company’s stock are short sold. Based on an average daily trading volume, of 57,369 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily trading volume, of 57,369 shares, the days-to-cover ratio is presently 2.4 days. Approximately 27.8% of the company’s stock are short sold.

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

Shares of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN stock traded down $3.93 during trading on Wednesday, hitting $48.08. The company’s stock had a trading volume of 96,402 shares, compared to its average volume of 52,920. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52 week low of $46.46 and a 52 week high of $240.10. The company has a market capitalization of $24.04 million, a PE ratio of 12.30 and a beta of -1.75. The company has a fifty day simple moving average of $69.59 and a two-hundred day simple moving average of $95.20.

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

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.