Short Interest in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Increases By 179.6%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 56,546 shares, an increase of 179.6% from the May 31st total of 20,224 shares. Based on an average daily trading volume, of 195,805 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.8% of the shares of the stock are sold short.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Price Performance

Shares of NYSEARCA:OILU traded down $0.52 on Friday, hitting $33.60. The company’s stock had a trading volume of 200,119 shares, compared to its average volume of 279,209. The company has a 50-day simple moving average of $42.43 and a 200 day simple moving average of $38.11. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1 year low of $19.78 and a 1 year high of $61.42. The company has a market capitalization of $50.40 million, a PE ratio of 8.27 and a beta of 1.24.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Company Profile

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.