Short Interest in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Expands By 72.1%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 68,825 shares, an increase of 72.1% from the January 15th total of 39,993 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 305,830 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 305,830 shares, the short-interest ratio is currently 0.2 days. Currently, 4.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC bought a new stake in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned about 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN at the end of the most recent reporting period.

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

Shares of NYSEARCA OILU traded up $0.79 during midday trading on Friday, reaching $37.62. The company’s stock had a trading volume of 378,611 shares, compared to its average volume of 319,847. The stock has a market capitalization of $56.43 million, a P/E ratio of 8.27 and a beta of 1.84. The firm has a 50 day moving average price of $27.49 and a 200-day moving average price of $24.61. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 12-month low of $15.15 and a 12-month high of $39.21.

About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

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.