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

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 186,356 shares, a growth of 1,319.9% from the March 15th total of 13,125 shares. Based on an average daily volume of 252,780 shares, the short-interest ratio is presently 0.7 days. Currently, 12.4% of the company’s stock are sold short.

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

OILU opened at $44.57 on Friday. The business’s 50-day moving average is $43.62 and its two-hundred day moving average is $31.00. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1 year low of $15.60 and a 1 year high of $61.42. The firm has a market capitalization of $66.86 million, a PE ratio of 8.27 and a beta of 1.58.

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.