MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Short Interest Down 23.0% in February

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILUGet Free Report) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 8,219 shares, a drop of 23.0% from the February 12th total of 10,674 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 349,848 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 349,848 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.5% of the shares of the stock are sold short.

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

OILU traded up $0.22 during trading on Monday, hitting $44.67. The company’s stock had a trading volume of 167,004 shares, compared to its average volume of 357,904. The firm’s 50 day moving average price is $34.85 and its 200-day moving average price is $27.44. The stock has a market cap of $67.01 million, a PE ratio of 8.27 and a beta of 1.84. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a twelve month low of $15.15 and a twelve month high of $46.12.

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

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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.

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