Texas Oil Index ETF (NYSEARCA:OILT) Sees Large Decline in Short Interest

Texas Oil Index ETF (NYSEARCA:OILT) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 270 shares, a drop of 36.9% from the May 31st total of 428 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,217 shares, the days-to-cover ratio is presently 0.1 days.

Texas Oil Index ETF Stock Up 1.2%

Shares of Texas Oil Index ETF stock traded up $0.32 during trading on Thursday, reaching $26.98. The company’s stock had a trading volume of 350 shares, compared to its average volume of 6,672. The business has a 50 day moving average price of $29.89 and a 200-day moving average price of $28.12. Texas Oil Index ETF has a 12-month low of $21.45 and a 12-month high of $34.32. The company has a market capitalization of $11.87 million, a P/E ratio of 19.69 and a beta of -0.13.

Texas Oil Index ETF Company Profile

The Texas Capital Texas Oil Index ETF (OILT) is an exchange-traded fund that is based on the Alerian Texas Weighted Oil and Gas index. The fund is passively managed ETF, tracking an economic-value weighted index that contains stocks of companies that extract oil and gas within Texas. The resulting portfolio is a narrow basket of approximately 30 stocks OILT was launched on Dec 20, 2023 and is issued by Texas Capital.