Short Interest in Texas Oil Index ETF (NYSEARCA:OILT) Drops By 89.8%

Texas Oil Index ETF (NYSEARCA:OILT) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 640 shares, a decrease of 89.8% from the April 30th total of 6,269 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 6,208 shares, the short-interest ratio is currently 0.1 days.

Texas Oil Index ETF Price Performance

OILT traded down $0.53 during trading on Thursday, hitting $29.56. The company had a trading volume of 824 shares, compared to its average volume of 7,653. The company has a market cap of $13.89 million, a PE ratio of 21.58 and a beta of -0.09. The business has a 50-day moving average of $31.30 and a 200-day moving average of $27.16. Texas Oil Index ETF has a 1-year low of $20.58 and a 1-year high of $34.32.

About Texas Oil Index ETF

The Texas Capital Texas Oil Index ETF (OILT) is an exchange-traded fund that is based on the Alerian Texas Weighted Oil and Gas index. The fund is passively managed ETF, tracking an economic-value weighted index that contains stocks of companies that extract oil and gas within Texas. The resulting portfolio is a narrow basket of approximately 30 stocks OILT was launched on Dec 20, 2023 and is issued by Texas Capital.