MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Short Interest Update

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 22,637 shares, a decrease of 57.7% from the June 30th total of 53,515 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average trading volume of 68,287 shares, the short-interest ratio is currently 0.3 days.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Down 6.7%

Shares of OILD stock traded down $2.70 during mid-day trading on Wednesday, reaching $37.45. The stock had a trading volume of 36,426 shares, compared to its average volume of 84,243. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a one year low of $33.26 and a one year high of $136.10. The firm has a market cap of $18.73 million, a PE ratio of 12.30 and a beta of -1.27. The firm’s 50 day simple moving average is $44.28 and its 200 day simple moving average is $50.28.

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

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.