Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Expands By 237.3%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 139,033 shares, a growth of 237.3% from the February 12th total of 41,214 shares. Approximately 27.8% of the company’s shares are sold short. Based on an average daily trading volume, of 57,369 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily trading volume, of 57,369 shares, the days-to-cover ratio is presently 2.4 days. Approximately 27.8% of the company’s shares are sold short.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Down 0.7%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN stock traded down $0.31 during midday trading on Friday, reaching $46.86. 74,591 shares of the stock traded hands, compared to its average volume of 54,264. The company has a 50-day simple moving average of $67.41 and a two-hundred day simple moving average of $94.54. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 12-month low of $45.57 and a 12-month high of $240.10. The firm has a market cap of $23.43 million, a PE ratio of 12.30 and a beta of -1.75.

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.