Short Interest in Texas Oil Index ETF (NYSEARCA:OILT) Expands By 129.0%

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

Texas Oil Index ETF Trading Up 0.4%

NYSEARCA:OILT traded up $0.13 on Tuesday, hitting $29.34. 808 shares of the company’s stock traded hands, compared to its average volume of 6,166. The company has a market cap of $12.91 million, a PE ratio of 21.42 and a beta of -0.13. The firm has a 50-day moving average price of $29.08 and a 200-day moving average price of $28.84. Texas Oil Index ETF has a 1 year low of $21.45 and a 1 year high of $34.32.

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.