MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Trading Up 5.7% – Here’s Why

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) shot up 5.7% during trading on Friday . The stock traded as high as $14.24 and last traded at $14.28. 100,064 shares were traded during trading, a decline of 31% from the average session volume of 145,688 shares. The stock had previously closed at $13.51.

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

The firm has a market cap of $10.51 billion, a PE ratio of 11.55 and a beta of -1.39. The firm’s 50-day moving average price is $15.87 and its two-hundred day moving average price is $15.95.

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

(Get Free Report)

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.

See Also

Receive News & Ratings for MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.