MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Short Interest Down 36.7% in January

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 39,993 shares, a decline of 36.7% from the December 31st total of 63,211 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily volume of 314,627 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 314,627 shares, the short-interest ratio is presently 0.1 days. Approximately 2.7% of the shares of the 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 bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned approximately 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN as of its most recent SEC filing.

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

Shares of NYSEARCA:OILU opened at $31.84 on Friday. The stock has a market capitalization of $47.76 million, a price-to-earnings ratio of 8.27 and a beta of 1.84. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN has a 1-year low of $15.15 and a 1-year high of $34.77. The company has a 50 day moving average price of $25.06 and a 200 day moving average price of $23.64.

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

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.