MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Short Interest Up 122.9% in December

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 29,223 shares, an increase of 122.9% from the November 30th total of 13,111 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 260,408 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 260,408 shares, the short-interest ratio is presently 0.1 days. Currently, 2.9% of the shares of the stock are sold short.

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

Shares of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN stock opened at $10.60 on Friday. The company’s 50 day moving average price is $10.56 and its two-hundred day moving average price is $11.57. The firm has a market capitalization of $10.60 million, a P/E ratio of 12.30 and a beta of -1.75. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a fifty-two week low of $9.06 and a fifty-two week high of $24.01.

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

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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.

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