MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Sees Large Volume Increase – Here’s What Happened

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) shares saw strong trading volume on Thursday . 94,087 shares traded hands during trading, a decline of 5% from the previous session’s volume of 98,900 shares.The stock last traded at $16.71 and had previously closed at $17.96.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Down 10.2 %

The firm has a 50-day moving average price of $15.66 and a 200 day moving average price of $15.58. The firm has a market capitalization of $11.76 billion, a PE ratio of 22.37 and a beta of -1.39.

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

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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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