Short Interest in MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Decreases By 57.7%

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 22,637 shares, a drop of 57.7% from the June 30th total of 53,515 shares. Based on an average daily trading volume, of 68,287 shares, the days-to-cover ratio is presently 0.3 days. Currently, 4.5% of the shares of the company are short sold.

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

Shares of NYSEARCA:OILD opened at $35.91 on Monday. The stock has a 50 day moving average of $44.15 and a 200 day moving average of $51.09. The company has a market cap of $17.95 million, a PE ratio of 12.30 and a beta of -1.27. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 12-month low of $33.26 and a 12-month high of $136.10.

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.