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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 15,180 shares, a growth of 132.2% from the May 14th total of 6,537 shares. Based on an average daily trading volume, of 128,056 shares, the short-interest ratio is presently 0.1 days. Approximately 3.0% of the shares of the company are sold short.

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

Shares of NYSEARCA:OILD opened at $41.99 on Friday. The company has a 50-day simple moving average of $42.10 and a 200-day simple moving average of $62.98. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a one year low of $33.26 and a one year high of $137.40. The stock has a market capitalization of $21.00 million, a price-to-earnings ratio of 12.30 and a beta of -1.23.

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.