Short Interest in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Declines By 81.1%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,508 shares, a decrease of 81.1% from the July 15th total of 61,003 shares. Based on an average trading volume of 199,102 shares, the short-interest ratio is presently 0.1 days. Approximately 0.8% of the shares of the company are short sold.

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

Shares of OILU stock traded down $0.30 during trading hours on Thursday, hitting $47.39. 128,857 shares of the company were exchanged, compared to its average volume of 257,701. The stock has a market capitalization of $71.08 million, a price-to-earnings ratio of 8.27 and a beta of 1.24. The firm has a fifty day simple moving average of $39.29 and a 200 day simple moving average of $41.91. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 52-week low of $19.78 and a 52-week high of $61.42.

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.