MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Short Interest Down 86.0% in May

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 6,537 shares, a decrease of 86.0% from the April 30th total of 46,819 shares. Based on an average daily trading volume, of 106,666 shares, the short-interest ratio is currently 0.1 days. Approximately 1.3% of the company’s shares are sold short.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Up 2.9%

Shares of OILD traded up $1.28 during trading hours on Friday, reaching $44.86. The stock had a trading volume of 118,752 shares, compared to its average volume of 86,262. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52 week low of $33.26 and a 52 week high of $159.70. The firm has a 50-day moving average of $41.56 and a 200 day moving average of $67.26. The company has a market cap of $22.43 million, a P/E ratio of 12.30 and a beta of -1.34.

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

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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.

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