MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Sees Large Drop in Short Interest

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 15,974 shares, a decline of 45.3% from the September 30th total of 29,193 shares. Based on an average trading volume of 48,804 shares, the short-interest ratio is presently 0.3 days. Approximately 1.1% of the company’s shares are short sold.

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

OILU traded up $3.29 on Friday, reaching $65.74. 58,284 shares of the company’s stock were exchanged, compared to its average volume of 208,551. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a twelve month low of $21.29 and a twelve month high of $65.99. The company’s 50 day moving average is $54.39 and its 200-day moving average is $44.76. The company has a market cap of $98.61 million, a price-to-earnings ratio of 8.27 and a beta of 1.29.

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

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.