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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) saw a significant increase in short interest in 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. Approximately 2.9% of the shares of the company are sold short. Based on an average trading volume of 260,408 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 260,408 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.9% of the shares of the company are sold short.

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

OILD stock opened at $10.60 on Friday. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52 week low of $9.06 and a 52 week high of $24.01. The company has a market capitalization of $10.60 million, a PE ratio of 12.30 and a beta of -1.75. The company’s 50-day simple moving average is $10.56 and its 200 day simple moving average is $11.57.

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

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.