MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Stock Short Interest Rises 57.2%

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 59,886 shares, a growth of 57.2% from the August 31st total of 38,105 shares. Based on an average daily trading volume, of 90,484 shares, the short-interest ratio is presently 0.7 days. Approximately 4.0% of the shares of the stock are sold short.

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

Shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock traded down $0.26 during trading on Wednesday, hitting $45.32. The stock had a trading volume of 23,330 shares, compared to its average volume of 227,257. The business has a fifty day moving average of $49.50 and a two-hundred day moving average of $45.38. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a fifty-two week low of $19.78 and a fifty-two week high of $61.42. The firm has a market cap of $67.98 million, a P/E ratio of 8.27 and a beta of 1.26.

About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

The MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (OILU) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily leveraged exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILU was launched on Nov 12, 2021 and is issued by REX Microsectors.