MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Sees Large Increase in Short Interest

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 15,180 shares, a growth of 132.2% from the May 14th total of 6,537 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average trading volume of 128,056 shares, the days-to-cover ratio is currently 0.1 days.

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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN stock opened at $41.99 on Monday. The firm has a 50-day moving average price of $42.10 and a 200-day moving average price of $62.67. The firm has a market capitalization of $21.00 million, a PE ratio of 12.30 and a beta of -1.23. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 12-month low of $33.26 and a 12-month high of $137.40.

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

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.