MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Shares Shorted: Short Interest Down 51.3% in September

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 29,193 shares, a drop of 51.3% from the September 15th total of 59,886 shares. Based on an average daily volume of 82,524 shares, the short-interest ratio is currently 0.4 days. Currently, 1.9% of the shares of the company are short sold.

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

NYSEARCA OILU traded down $2.36 during trading on Thursday, reaching $56.24. The company’s stock had a trading volume of 46,616 shares, compared to its average volume of 217,335. The firm has a market cap of $84.36 million, a price-to-earnings ratio of 8.27 and a beta of 1.29. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a twelve month low of $19.78 and a twelve month high of $61.42. The business’s fifty day moving average price is $51.70 and its 200-day moving average price is $45.56.

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.