MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Sees Significant Increase in Short Interest

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 65,621 shares, an increase of 124.6% from the December 15th total of 29,223 shares. Based on an average trading volume of 149,029 shares, the short-interest ratio is currently 0.4 days. Currently, 6.6% of the company’s shares are sold short. Currently, 6.6% of the company’s shares are sold short. Based on an average trading volume of 149,029 shares, the short-interest ratio is currently 0.4 days.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Down 6.1%

Shares of NYSEARCA OILD traded down $0.54 during mid-day trading on Wednesday, reaching $8.26. 129,050 shares of the company’s stock were exchanged, compared to its average volume of 400,624. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a twelve month low of $8.25 and a twelve month high of $24.01. The firm has a market capitalization of $8.26 million, a price-to-earnings ratio of 12.30 and a beta of -1.75. The business has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $11.30.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Company Profile

The MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily inverse exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILD was launched on Nov 8, 2021 and is issued by REX Microsectors.