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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 35,278 shares, an increase of 83.1% from the August 31st total of 19,265 shares. Based on an average daily volume of 106,282 shares, the short-interest ratio is presently 0.3 days. Currently, 7.1% of the company’s stock are short sold.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Up 0.7%

Shares of OILD traded up $0.22 during midday trading on Wednesday, reaching $32.22. 148,294 shares of the stock were exchanged, compared to its average volume of 84,658. The company has a market cap of $16.11 million, a price-to-earnings ratio of 12.30 and a beta of -1.26. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 12-month low of $25.58 and a 12-month high of $129.20. The firm has a 50 day simple moving average of $31.52 and a 200-day simple moving average of $39.32.

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

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.