Texas Oil Index ETF (NYSEARCA:OILT) Short Interest Update

Texas Oil Index ETF (NYSEARCA:OILT) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 428 shares, a decrease of 33.1% from the May 14th total of 640 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,759 shares, the short-interest ratio is presently 0.2 days.

Texas Oil Index ETF Price Performance

OILT opened at $28.73 on Tuesday. The stock has a market cap of $13.50 million, a P/E ratio of 20.97 and a beta of -0.19. The stock’s 50 day simple moving average is $30.67 and its 200 day simple moving average is $27.80. Texas Oil Index ETF has a 1-year low of $21.45 and a 1-year high of $34.32.

About Texas Oil Index ETF

The Texas Capital Texas Oil Index ETF (OILT) is an exchange-traded fund that is based on the Alerian Texas Weighted Oil and Gas index. The fund is passively managed ETF, tracking an economic-value weighted index that contains stocks of companies that extract oil and gas within Texas. The resulting portfolio is a narrow basket of approximately 30 stocks OILT was launched on Dec 20, 2023 and is issued by Texas Capital.