Texas Oil Index ETF (NYSEARCA:OILT) Sees Large Drop in Short Interest

Texas Oil Index ETF (NYSEARCA:OILT) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 270 shares, a drop of 36.9% from the May 31st total of 428 shares. Based on an average daily trading volume, of 2,217 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Texas Oil Index ETF Price Performance

OILT stock opened at $26.95 on Friday. The firm has a market cap of $11.86 million, a price-to-earnings ratio of 19.67 and a beta of -0.13. The company’s fifty day simple moving average is $29.76 and its 200 day simple moving average is $28.14. Texas Oil Index ETF has a 12-month low of $21.45 and a 12-month high of $34.32.

Texas Oil Index ETF Company Profile

The Texas Capital Texas Oil Index ETF (OILT) is an exchange-traded fund that is based on the Alerian Texas Weighted Oil and Gas index. The fund is passively managed ETF, tracking an economic-value weighted index that contains stocks of companies that extract oil and gas within Texas. The resulting portfolio is a narrow basket of approximately 30 stocks OILT was launched on Dec 20, 2023 and is issued by Texas Capital.