Texas Oil Index ETF (NYSEARCA:OILT) Sees Large Drop in Short Interest

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

Texas Oil Index ETF Stock Performance

Texas Oil Index ETF stock opened at $28.24 on Thursday. The firm’s fifty day moving average price is $30.50 and its 200-day moving average price is $27.87. The stock has a market cap of $13.27 million, a P/E ratio of 20.61 and a beta of -0.19. Texas Oil Index ETF has a fifty-two week low of $21.45 and a fifty-two week high of $34.32.

Texas Oil Index ETF Company Profile

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.