Texas Oil Index ETF (NYSEARCA:OILT) Short Interest Up 129.0% in July

Texas Oil Index ETF (NYSEARCA:OILT) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,033 shares, an increase of 129.0% from the June 30th total of 451 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 2,610 shares, the days-to-cover ratio is currently 0.4 days.

Texas Oil Index ETF Stock Up 0.4%

Shares of OILT traded up $0.13 during trading on Tuesday, reaching $29.34. The company’s stock had a trading volume of 808 shares, compared to its average volume of 6,166. The company has a market cap of $12.91 million, a price-to-earnings ratio of 21.42 and a beta of -0.13. The company has a fifty day moving average of $29.08 and a two-hundred day moving average of $28.84. Texas Oil Index ETF has a twelve month low of $21.45 and a twelve month high of $34.32.

About Texas Oil Index ETF

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.