Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Drops By 40.7%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 13,433 shares, a decrease of 40.7% from the July 15th total of 22,637 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average trading volume of 61,666 shares, the short-interest ratio is currently 0.2 days.

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

OILD opened at $31.20 on Monday. The company’s 50 day simple moving average is $42.98 and its 200 day simple moving average is $45.90. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 1 year low of $30.90 and a 1 year high of $135.30. The stock has a market capitalization of $15.60 million, a PE ratio of 12.30 and a beta of -1.24.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Company Profile

The MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily inverse exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILD was launched on Nov 8, 2021 and is issued by REX Microsectors.