MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Stock Short Interest Rises 83.1%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 35,278 shares, a growth of 83.1% from the August 31st total of 19,265 shares. Based on an average trading volume of 106,282 shares, the days-to-cover ratio is presently 0.3 days. Currently, 7.1% of the company’s stock are short sold.

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

NYSEARCA OILD traded up $0.95 during trading hours on Tuesday, hitting $32.00. The company had a trading volume of 102,445 shares, compared to its average volume of 84,315. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 1-year low of $25.58 and a 1-year high of $129.20. The company has a market cap of $16 million, a PE ratio of 12.30 and a beta of -1.26. The business has a 50 day moving average of $31.65 and a 200-day moving average of $39.43.

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.