MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Short Interest Update

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 13,433 shares, a decline of 40.7% from the July 15th total of 22,637 shares. Based on an average daily trading volume, of 61,666 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.7% of the shares of the stock are sold short.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Down 2.3%

Shares of NYSEARCA:OILD traded down $0.68 during trading on Wednesday, reaching $28.46. The company had a trading volume of 19,116 shares, compared to its average volume of 82,215. The company has a fifty day moving average of $42.50 and a two-hundred day moving average of $45.28. The stock has a market capitalization of $14.23 million, a P/E ratio of 12.30 and a beta of -1.24. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 12 month low of $28.15 and a 12 month high of $132.90.

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.