MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD – Get Free Report) dropped 5.6% on Friday . The stock traded as low as $19.04 and last traded at $18.86. Approximately 438,535 shares changed hands during mid-day trading, an increase of 351% from the average daily volume of 97,289 shares. The stock had previously closed at $19.99.
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Performance
The business has a 50 day moving average of $15.43 and a 200-day moving average of $15.56. The company has a market capitalization of $13.52 billion, a P/E ratio of 13.93 and a beta of -1.39.
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.
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