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

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILUGet Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 38,105 shares, a growth of 373.3% from the August 15th total of 8,051 shares. Based on an average daily volume of 76,395 shares, the short-interest ratio is presently 0.5 days. Approximately 2.5% of the shares of the company are short sold.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Down 0.6%

NYSEARCA:OILU traded down $0.33 during mid-day trading on Friday, hitting $55.95. 50,655 shares of the company’s stock traded hands, compared to its average volume of 237,512. The firm has a market capitalization of $83.93 million, a price-to-earnings ratio of 8.27 and a beta of 1.26. The firm has a 50 day moving average of $46.14 and a two-hundred day moving average of $44.51. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 12 month low of $19.78 and a 12 month high of $61.42.

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

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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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