MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Sees Significant 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 December. As of December 15th, there was short interest totaling 29,223 shares, a growth of 122.9% from the November 30th total of 13,111 shares. Based on an average daily trading volume, of 260,408 shares, the short-interest ratio is presently 0.1 days. Approximately 2.9% of the shares of the company are sold short. Approximately 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 260,408 shares, the short-interest ratio is presently 0.1 days.

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

Shares of OILD opened at $10.60 on Monday. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a fifty-two week low of $9.06 and a fifty-two week high of $24.01. The firm has a 50-day simple moving average of $10.56 and a 200-day simple moving average of $11.55. The company has a market capitalization of $10.60 million, a price-to-earnings ratio of 12.30 and a beta of -1.75.

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.