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

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILUGet Free Report) was the target of 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. Based on an average daily volume of 147,764 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.1% of the shares of the stock are short sold. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 147,764 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILUFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned about 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 Performance

OILU traded down $0.26 during mid-day trading on Friday, reaching $22.27. The stock had a trading volume of 164,124 shares, compared to its average volume of 199,776. The firm’s fifty day simple moving average is $23.40 and its two-hundred day simple moving average is $23.10. The stock has a market capitalization of $33.41 million, a P/E 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

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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.

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