Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Drops By 40.7%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 13,433 shares, a decrease 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 presently 0.2 days. Currently, 2.7% of the company’s shares are sold short.

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

OILD traded down $1.10 during trading on Tuesday, hitting $29.14. 58,372 shares of the stock traded hands, compared to its average volume of 82,632. The firm has a market capitalization of $14.57 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 $28.89 and a 12-month high of $135.30. The firm has a 50-day moving average of $42.50 and a 200 day moving average of $45.28.

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.