Texas Oil Index ETF (NYSEARCA:OILT) Sees Large Increase in Short Interest

Texas Oil Index ETF (NYSEARCA:OILT) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,105 shares, an increase of 200.6% from the July 15th total of 1,033 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 2,486 shares, the short-interest ratio is currently 1.2 days.

Texas Oil Index ETF Stock Performance

Texas Oil Index ETF stock traded down $0.31 during trading on Thursday, hitting $30.53. The company’s stock had a trading volume of 494 shares, compared to its average volume of 5,816. The stock has a market capitalization of $13.43 million, a price-to-earnings ratio of 22.28 and a beta of -0.18. The stock’s fifty day moving average is $28.90 and its 200 day moving average is $29.38. Texas Oil Index ETF has a 1-year low of $21.45 and a 1-year high of $34.32.

About Texas Oil Index ETF

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.