Short Interest in Texas Oil Index ETF (NYSEARCA:OILT) Expands By 200.6%

Texas Oil Index ETF (NYSEARCA:OILT) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,105 shares, a growth of 200.6% from the July 15th total of 1,033 shares. Based on an average trading volume of 2,486 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the company’s stock are sold short.

Texas Oil Index ETF Trading Up 1.4%

NYSEARCA OILT traded up $0.42 on Friday, hitting $30.95. 777 shares of the company were exchanged, compared to its average volume of 5,782. The company has a market cap of $13.62 million, a PE ratio of 22.59 and a beta of -0.18. The stock has a fifty day moving average of $28.92 and a 200-day moving average of $29.44. Texas Oil Index ETF has a 12 month low of $21.45 and a 12 month high of $34.32.

Texas Oil Index ETF Company Profile

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.