MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Shares Shorted: Short Interest Down 51.3% in September

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 29,193 shares, a decline of 51.3% from the September 15th total of 59,886 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 82,524 shares, the short-interest ratio is currently 0.4 days.

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

NYSEARCA OILU traded up $4.18 during trading hours on Friday, hitting $60.42. 61,045 shares of the company’s stock were exchanged, compared to its average volume of 216,520. The business’s 50 day moving average is $51.70 and its 200-day moving average is $45.56. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 12-month low of $20.20 and a 12-month high of $61.42. The firm has a market capitalization of $90.63 million, a P/E ratio of 8.27 and a beta of 1.29.

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.