MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Short Interest Update

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 11,508 shares, a drop of 81.1% from the July 15th total of 61,003 shares. Based on an average trading volume of 199,102 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.8% of the shares of the stock are short sold.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Up 3.2%

Shares of OILU opened at $47.89 on Wednesday. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 12-month low of $19.78 and a 12-month high of $61.42. The stock has a market cap of $71.83 million, a P/E ratio of 8.27 and a beta of 1.24. The company has a 50-day moving average of $39.20 and a two-hundred day moving average of $41.65.

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

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.