Short Interest in Texas Oil Index ETF (NYSEARCA:OILT) Drops By 89.8%

Texas Oil Index ETF (NYSEARCA:OILT) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 640 shares, a decline of 89.8% from the April 30th total of 6,269 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 6,208 shares, the short-interest ratio is currently 0.1 days.

Texas Oil Index ETF Trading Down 0.9%

OILT traded down $0.26 on Friday, hitting $29.30. The company had a trading volume of 2,880 shares, compared to its average volume of 7,539. The firm has a market cap of $13.77 million, a P/E ratio of 21.39 and a beta of -0.09. Texas Oil Index ETF has a 1 year low of $20.58 and a 1 year high of $34.32. The company’s fifty day moving average price is $31.24 and its 200 day moving average price is $27.23.

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.