MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Short Interest Down 83.2% in April

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 31,386 shares, a drop of 83.2% from the March 31st total of 186,356 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 303,347 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of OILU traded down $0.27 on Friday, hitting $44.28. 263,761 shares of the stock traded hands, compared to its average volume of 326,553. The firm has a market capitalization of $66.42 million, a P/E ratio of 8.27 and a beta of 1.58. The stock’s 50 day moving average is $45.02 and its two-hundred day moving average is $32.25. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1 year low of $17.66 and a 1 year 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.