Texas Oil Index ETF (NYSEARCA:OILT) Sees Large Decline in Short Interest

Texas Oil Index ETF (NYSEARCA:OILT) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 270 shares, a decrease of 36.9% from the May 31st total of 428 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,217 shares, the days-to-cover ratio is currently 0.1 days.

Texas Oil Index ETF Price Performance

Shares of OILT stock traded up $0.32 during mid-day trading on Thursday, hitting $26.98. The stock had a trading volume of 350 shares, compared to its average volume of 6,672. The firm has a market cap of $11.87 million, a PE ratio of 19.69 and a beta of -0.13. The company’s 50-day simple moving average is $29.89 and its 200-day simple moving average is $28.12. Texas Oil Index ETF has a fifty-two week low of $21.45 and a fifty-two week high of $34.32.

About Texas Oil Index ETF

The Texas Capital Texas Oil Index ETF (OILT) is an exchange-traded fund that is based on the Alerian Texas Weighted Oil and Gas index. The fund is passively managed ETF, tracking an economic-value weighted index that contains stocks of companies that extract oil and gas within Texas. The resulting portfolio is a narrow basket of approximately 30 stocks OILT was launched on Dec 20, 2023 and is issued by Texas Capital.