MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 39,993 shares, a decrease of 36.7% from the December 31st total of 63,211 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 314,627 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 314,627 shares, the short-interest ratio is currently 0.1 days. Approximately 2.7% of the company’s stock are sold short.
Hedge Funds Weigh In On MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
An institutional investor recently bought a new position in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC acquired a new stake in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned about 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN at the end of the most recent quarter.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Price Performance
NYSEARCA OILU opened at $31.84 on Friday. The firm has a market capitalization of $47.76 million, a price-to-earnings ratio of 8.27 and a beta of 1.84. The company has a 50 day simple moving average of $25.06 and a 200-day simple moving average of $23.64. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 52-week low of $15.15 and a 52-week high of $34.77.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Company Profile
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.
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