Texas Oil Index ETF (NYSEARCA:OILT) Short Interest Up 200.6% in July

Texas Oil Index ETF (NYSEARCA:OILT) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 3,105 shares, an increase of 200.6% from the July 15th total of 1,033 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 2,486 shares, the days-to-cover ratio is presently 1.2 days.

Texas Oil Index ETF Stock Down 1.0%

Shares of NYSEARCA:OILT traded down $0.31 during trading on Thursday, reaching $30.53. The stock had a trading volume of 494 shares, compared to its average volume of 5,816. The business has a fifty day moving average price of $28.90 and a 200-day moving average price of $29.38. The stock has a market cap of $13.43 million, a P/E ratio of 22.28 and a beta of -0.18. Texas Oil Index ETF has a fifty-two week low of $21.45 and a fifty-two week high of $34.32.

About Texas Oil Index ETF

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.