MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Short Interest Up 179.6% in June

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 56,546 shares, a growth of 179.6% from the May 31st total of 20,224 shares. Based on an average trading volume of 195,805 shares, the short-interest ratio is currently 0.3 days. Currently, 3.8% of the company’s shares are sold short.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Down 1.7%

Shares of NYSEARCA OILU traded down $0.56 during trading hours on Monday, reaching $33.04. The stock had a trading volume of 120,636 shares, compared to its average volume of 277,935. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 52-week low of $19.78 and a 52-week high of $61.42. The firm has a market cap of $49.56 million, a price-to-earnings ratio of 8.27 and a beta of 1.24. The business’s fifty day moving average price is $42.43 and its two-hundred day moving average price is $38.21.

About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

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.