Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Drops By 86.0%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,537 shares, a drop of 86.0% from the April 30th total of 46,819 shares. Based on an average daily volume of 106,666 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the shares of the company are short sold.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Down 0.2%

OILD stock traded down $0.10 during midday trading on Thursday, hitting $43.50. 105,916 shares of the company traded hands, compared to its average volume of 85,867. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a twelve month low of $33.26 and a twelve month high of $159.70. The business has a 50 day simple moving average of $41.58 and a 200-day simple moving average of $67.86. The stock has a market capitalization of $21.75 million, a price-to-earnings ratio of 12.30 and a beta of -1.34.

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.