MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Shares Up 0.2% – Still a Buy?

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) shares shot up 0.2% on Monday . The company traded as high as $11.16 and last traded at $10.62. 210,761 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 201,816 shares. The stock had previously closed at $10.60.

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

The business has a 50 day simple moving average of $11.06 and a 200-day simple moving average of $12.26. The stock has a market capitalization of $10.48 million, a P/E ratio of 12.30 and a beta of -1.75.

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

(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.

Further Reading

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