Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Rises By 159.7%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 39,428 shares, an increase of 159.7% from the May 31st total of 15,180 shares. Based on an average daily trading volume, of 102,081 shares, the days-to-cover ratio is currently 0.4 days. Currently, 7.9% of the company’s shares are short sold.

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

NYSEARCA:OILD opened at $50.83 on Monday. The firm has a market capitalization of $25.41 million, a P/E ratio of 12.30 and a beta of -1.23. The company has a fifty day moving average of $43.43 and a 200 day moving average of $59.11. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52 week low of $33.26 and a 52 week high of $137.40.

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

The MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily inverse exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILD was launched on Nov 8, 2021 and is issued by REX Microsectors.