Texas Oil Index ETF (NYSEARCA:OILT) Short Interest Update

Texas Oil Index ETF (NYSEARCA:OILT) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 3,105 shares, a growth of 200.6% from the July 15th total of 1,033 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,486 shares, the short-interest ratio is presently 1.2 days.

Texas Oil Index ETF Stock Up 1.4%

Texas Oil Index ETF stock traded up $0.42 during trading hours on Friday, hitting $30.95. 777 shares of the company traded hands, compared to its average volume of 5,782. Texas Oil Index ETF has a 1-year low of $21.45 and a 1-year high of $34.32. The firm has a market cap of $13.62 million, a P/E ratio of 22.59 and a beta of -0.18. The firm’s 50-day simple moving average is $28.92 and its two-hundred day simple moving average is $29.44.

About Texas Oil Index ETF

The Texas Capital Texas Oil Index ETF (OILT) is an exchange-traded fund that is based on the Alerian Texas Weighted Oil and Gas index. The fund is passively managed ETF, tracking an economic-value weighted index that contains stocks of companies that extract oil and gas within Texas. The resulting portfolio is a narrow basket of approximately 30 stocks OILT was launched on Dec 20, 2023 and is issued by Texas Capital.