MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Short Interest Up 97.5% in December

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 63,211 shares, an increase of 97.5% from the December 15th total of 32,007 shares. Based on an average trading volume of 160,662 shares, the days-to-cover ratio is currently 0.4 days. Currently, 4.2% of the company’s stock are short sold. Currently, 4.2% of the company’s stock are short sold. Based on an average trading volume of 160,662 shares, the days-to-cover ratio is currently 0.4 days.

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

Shares of NYSEARCA OILU traded down $0.15 during mid-day trading on Thursday, reaching $27.46. The company had a trading volume of 130,367 shares, compared to its average volume of 275,121. The company has a market capitalization of $41.19 million, a price-to-earnings ratio of 8.27 and a beta of 1.84. The stock has a fifty day moving average of $24.01 and a two-hundred day moving average of $23.21. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 12-month low of $15.15 and a 12-month high of $36.46.

Institutional Investors Weigh In On MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC purchased a new position in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned about 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN at the end of the most recent quarter.

About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

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.