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 large increase in short interest in August. As of August 31st, there was short interest totaling 38,105 shares, an increase of 373.3% from the August 15th total of 8,051 shares. Based on an average daily trading volume, of 76,395 shares, the short-interest ratio is presently 0.5 days. Approximately 2.5% of the shares of the stock are short sold.

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

Shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock traded down $0.33 during midday trading on Friday, hitting $55.95. 50,655 shares of the company were exchanged, compared to its average volume of 237,512. The firm has a 50 day simple moving average of $46.14 and a 200-day simple moving average of $44.51. The firm has a market cap of $83.93 million, a P/E ratio of 8.27 and a beta of 1.26. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 52 week low of $19.78 and a 52 week high of $61.42.

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.