MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Short Interest Up 21.5% in February

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 41,214 shares, an increase of 21.5% from the January 29th total of 33,923 shares. Based on an average daily volume of 492,356 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.4% of the shares of the stock are short sold. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 492,356 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of OILD stock opened at $50.15 on Wednesday. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52 week low of $46.46 and a 52 week high of $240.10. The stock has a market capitalization of $15.05 million, a PE ratio of 12.30 and a beta of -1.75. The stock’s fifty day moving average is $74.88 and its 200-day moving average is $97.93.

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.