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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 28,992 shares, a decrease of 79.1% from the February 26th total of 139,033 shares. Currently, 5.8% of the company’s shares are sold short. Based on an average trading volume of 80,238 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 80,238 shares, the days-to-cover ratio is currently 0.4 days. Currently, 5.8% of the company’s shares are sold short.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Down 0.1%

Shares of NYSEARCA OILD traded down $0.03 during mid-day trading on Wednesday, reaching $38.12. The company had a trading volume of 66,964 shares, compared to its average volume of 60,716. The stock has a market cap of $19.06 million, a price-to-earnings ratio of 12.30 and a beta of -1.75. The business’s 50-day moving average is $59.57 and its 200-day moving average is $90.25. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52 week low of $36.90 and a 52 week high of $240.10.

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.