Texas Oil Index ETF (NYSEARCA:OILT) Short Interest Down 33.1% in May

Texas Oil Index ETF (NYSEARCA:OILT) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 428 shares, a drop of 33.1% from the May 14th total of 640 shares. Based on an average daily trading volume, of 2,759 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Texas Oil Index ETF Stock Performance

NYSEARCA:OILT traded down $0.24 during trading hours on Wednesday, reaching $28.49. The stock had a trading volume of 1,824 shares, compared to its average volume of 6,923. The stock has a 50 day simple moving average of $30.59 and a 200 day simple moving average of $27.83. Texas Oil Index ETF has a 12-month low of $21.45 and a 12-month high of $34.32. The stock has a market cap of $13.39 million, a P/E ratio of 20.80 and a beta of -0.19.

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.