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) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 22,637 shares, a decrease of 57.7% from the June 30th total of 53,515 shares. Currently, 4.5% of the company’s shares are short sold. Based on an average trading volume of 68,287 shares, the days-to-cover ratio is presently 0.3 days.

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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN stock traded up $1.76 during trading hours on Tuesday, reaching $40.15. The company had a trading volume of 65,581 shares, compared to its average volume of 84,581. The company has a 50-day moving average price of $44.28 and a 200 day moving average price of $50.28. The firm has a market cap of $20.07 million, a price-to-earnings ratio of 12.30 and a beta of -1.27. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 12-month low of $33.26 and a 12-month high of $136.10.

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.