Texas Oil Index ETF (NYSEARCA:OILT) Short Interest Update

Texas Oil Index ETF (NYSEARCA:OILT) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,033 shares, an increase of 129.0% from the June 30th total of 451 shares. Based on an average trading volume of 2,610 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Texas Oil Index ETF Stock Performance

Shares of OILT traded up $1.12 during mid-day trading on Wednesday, hitting $29.90. 2,120 shares of the stock were exchanged, compared to its average volume of 6,139. The company has a market cap of $13.16 million, a PE ratio of 21.82 and a beta of -0.13. Texas Oil Index ETF has a 52-week low of $21.45 and a 52-week high of $34.32. The firm has a 50-day moving average of $28.97 and a two-hundred day moving average of $28.93.

About Texas Oil Index ETF

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.