MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Short Interest Update

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 38,105 shares, a growth of 373.3% from the August 15th total of 8,051 shares. Based on an average daily trading volume, of 76,395 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.5% of the company’s stock are short sold.

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

OILU traded down $0.15 during trading on Friday, reaching $56.13. 98,960 shares of the stock were exchanged, compared to its average volume of 237,814. The stock’s 50 day moving average price is $46.61 and its two-hundred day moving average price is $44.59. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a twelve month low of $19.78 and a twelve month high of $61.42. The stock has a market cap of $84.19 million, a P/E ratio of 8.27 and a beta of 1.26.

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

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.