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 target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 40,077 shares, a drop of 38.9% from the December 31st total of 65,621 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average trading volume of 452,131 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 452,131 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.0% of the company’s stock are sold short.

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

NYSEARCA:OILD opened at $7.05 on Friday. The company’s fifty day moving average price is $9.50 and its 200-day moving average price is $10.94. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 1-year low of $6.56 and a 1-year high of $24.01. The firm has a market capitalization of $7.05 million, a P/E ratio of 12.30 and a beta of -1.75.

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.