MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Sees Significant Decrease in Short Interest

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

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

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock opened at $47.89 on Wednesday. The stock’s 50 day moving average price is $39.20 and its 200 day moving average price is $41.65. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1-year low of $19.78 and a 1-year high of $61.42. The company has a market cap of $71.83 million, a PE ratio of 8.27 and a beta of 1.24.

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.