MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Short Interest Down 79.1% in March

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 28,992 shares, a decline of 79.1% from the February 26th total of 139,033 shares. Based on an average daily volume of 80,238 shares, the short-interest ratio is currently 0.4 days. Currently, 5.8% of the company’s stock are sold short.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Down 4.4%

Shares of OILD traded down $1.68 on Thursday, hitting $36.44. The company’s stock had a trading volume of 100,813 shares, compared to its average volume of 61,415. The firm’s fifty day moving average price is $57.71 and its 200-day moving average price is $89.52. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a fifty-two week low of $35.73 and a fifty-two week high of $240.10. The firm has a market capitalization of $18.22 million, a price-to-earnings 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.