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) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,537 shares, a decrease of 86.0% from the April 30th total of 46,819 shares. Based on an average daily trading volume, of 106,666 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the shares of the company are short sold.

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

Shares of NYSEARCA OILD traded up $1.28 during trading on Friday, reaching $44.86. 118,752 shares of the stock traded hands, compared to its average volume of 86,262. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52-week low of $33.26 and a 52-week high of $159.70. The company has a 50-day moving average of $41.56 and a 200-day moving average of $67.26. The stock has a market capitalization of $22.43 million, a P/E ratio of 12.30 and a beta of -1.34.

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.