MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Sees Large Growth in Short Interest

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 59,886 shares, an increase of 57.2% from the August 31st total of 38,105 shares. Currently, 4.0% of the company’s shares are short sold. Based on an average trading volume of 90,484 shares, the days-to-cover ratio is currently 0.7 days.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Down 0.5%

Shares of OILU traded down $0.26 during trading hours on Friday, reaching $47.68. 47,510 shares of the company traded hands, compared to its average volume of 225,285. The company’s fifty day moving average price is $49.59 and its two-hundred day moving average price is $45.41. The company has a market capitalization of $71.52 million, a price-to-earnings ratio of 8.27 and a beta of 1.29. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 12 month low of $19.78 and a 12 month high of $61.42.

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

(Get Free Report)

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.

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