Short Interest in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Expands By 97.5%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 63,211 shares, an increase of 97.5% from the December 15th total of 32,007 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily volume of 160,662 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 160,662 shares, the days-to-cover ratio is presently 0.4 days. Approximately 4.2% of the shares of the stock are short sold.

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

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock traded up $0.06 during trading hours on Friday, hitting $26.87. The stock had a trading volume of 224,247 shares, compared to its average volume of 306,346. The stock has a market capitalization of $40.31 million, a price-to-earnings ratio of 8.27 and a beta of 1.84. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1-year low of $15.15 and a 1-year high of $36.46. The stock’s fifty day moving average is $24.09 and its two-hundred day moving average is $23.24.

Institutional Trading of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC purchased a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned about 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN at the end of the most recent reporting period.

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

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.