MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Sees Significant Decrease in Short Interest

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 10,674 shares, a drop of 84.5% from the January 29th total of 68,825 shares. Based on an average daily trading volume, of 339,251 shares, the short-interest ratio is currently 0.0 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 339,251 shares, the short-interest ratio is currently 0.0 days.

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

Shares of NYSEARCA:OILU traded down $0.43 on Wednesday, hitting $38.60. 202,629 shares of the company’s stock were exchanged, compared to its average volume of 325,341. The firm’s 50-day moving average is $29.81 and its 200 day moving average is $25.55. The company has a market capitalization of $57.90 million, a PE ratio of 8.27 and a beta of 1.84. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1-year low of $15.15 and a 1-year high of $41.06.

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.