Short Interest in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Declines By 59.7%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 15,286 shares, a decrease of 59.7% from the April 30th total of 37,896 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 194,524 shares, the short-interest ratio is currently 0.1 days.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Performance

Shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock traded up $2.15 during trading on Monday, hitting $42.30. 206,627 shares of the stock were exchanged, compared to its average volume of 291,801. The stock’s fifty day moving average is $46.79 and its 200 day moving average is $36.28. The stock has a market cap of $63.45 million, a PE ratio of 8.27 and a beta of 1.35. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 12 month low of $19.50 and a 12 month high of $61.42.

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

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.