MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Stock Short Interest Drops 51.3%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 29,193 shares, a decrease of 51.3% from the September 15th total of 59,886 shares. Based on an average daily trading volume, of 82,524 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.9% of the shares of the stock are short sold.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Up 0.6%

Shares of NYSEARCA OILU traded up $0.35 during trading on Wednesday, reaching $58.60. The company had a trading volume of 31,149 shares, compared to its average volume of 218,201. The stock has a market capitalization of $87.90 million, a PE ratio of 8.27 and a beta of 1.29. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a twelve month low of $19.78 and a twelve month high of $61.42. The stock has a 50-day moving average price of $51.03 and a two-hundred day moving average price of $45.56.

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.