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

Texas Oil Index ETF (NYSEARCA:OILTGet Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,033 shares, an increase of 129.0% from the June 30th total of 451 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,610 shares, the days-to-cover ratio is presently 0.4 days.

Texas Oil Index ETF Price Performance

Shares of NYSEARCA:OILT traded up $0.09 during mid-day trading on Thursday, reaching $29.99. 1,321 shares of the company were exchanged, compared to its average volume of 6,106. Texas Oil Index ETF has a 1 year low of $21.45 and a 1 year high of $34.32. The firm’s 50-day simple moving average is $28.97 and its 200 day simple moving average is $28.93. The firm has a market cap of $13.20 million, a price-to-earnings ratio of 21.89 and a beta of -0.13.

Texas Oil Index ETF Company Profile

(Get Free Report)

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.

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