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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 35,278 shares, a growth of 83.1% from the August 31st total of 19,265 shares. Based on an average daily trading volume, of 106,282 shares, the days-to-cover ratio is presently 0.3 days. Approximately 7.1% of the shares of the company are short sold.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Down 3.4%

OILD traded down $1.10 during trading hours on Thursday, hitting $31.12. The company’s stock had a trading volume of 55,826 shares, compared to its average volume of 84,482. The company has a 50-day simple moving average of $31.42 and a 200 day simple moving average of $39.21. The firm has a market capitalization of $15.56 million, a PE ratio of 12.30 and a beta of -1.28. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a fifty-two week low of $25.58 and a fifty-two week high of $129.20.

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

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.