MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Stock Short Interest Jumps 57.2%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 59,886 shares, an increase of 57.2% from the August 31st total of 38,105 shares. Based on an average daily volume of 90,484 shares, the short-interest ratio is currently 0.7 days. Approximately 4.0% of the shares of the company are short sold.

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

Shares of NYSEARCA:OILU traded up $2.62 on Thursday, hitting $47.94. The company’s stock had a trading volume of 49,183 shares, compared to its average volume of 226,310. The company has a market capitalization of $71.91 million, a PE ratio of 8.27 and a beta of 1.29. The company has a 50-day simple moving average of $49.59 and a 200 day simple moving average of $45.41. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1 year low of $19.78 and a 1 year high of $61.42.

About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

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.