Short Interest in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Grows By 282.4%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 32,007 shares, a growth of 282.4% from the November 30th total of 8,369 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 147,764 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 147,764 shares, the short-interest ratio is currently 0.2 days. Approximately 2.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC purchased a new position in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN at the end of the most recent quarter.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Down 1.4%

OILU stock traded down $0.33 during midday trading on Thursday, reaching $22.53. The company’s stock had a trading volume of 50,406 shares, compared to its average volume of 199,921. The business’s 50-day simple moving average is $23.33 and its 200-day simple moving average is $23.09. The stock has a market cap of $33.80 million, a PE ratio of 8.27 and a beta of 1.84. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 52 week low of $15.15 and a 52 week high of $36.46.

About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

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.