Short Interest in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Increases By 179.6%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 56,546 shares, a growth of 179.6% from the May 31st total of 20,224 shares. Based on an average daily volume of 195,805 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.8% of the company’s stock are sold short.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Down 0.7%

Shares of OILU traded down $0.24 during midday trading on Tuesday, reaching $32.80. 22,215 shares of the company were exchanged, compared to its average volume of 275,846. 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 stock has a 50-day moving average price of $42.23 and a 200-day moving average price of $38.27. The company has a market cap of $49.20 million, a price-to-earnings 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.