Short Interest in Texas Oil Index ETF (NYSEARCA:OILT) Declines By 36.9%

Texas Oil Index ETF (NYSEARCA:OILT) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 270 shares, a decline of 36.9% from the May 31st total of 428 shares. Based on an average trading volume of 2,217 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Texas Oil Index ETF Price Performance

Shares of Texas Oil Index ETF stock remained flat at $26.95 during trading hours on Friday. The stock had a trading volume of 530 shares, compared to its average volume of 6,674. The firm has a market capitalization of $11.86 million, a price-to-earnings ratio of 19.67 and a beta of -0.13. Texas Oil Index ETF has a 52 week low of $21.45 and a 52 week high of $34.32. The business’s 50-day simple moving average is $29.83 and its 200 day simple moving average is $28.15.

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.