MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Hits New 1-Year High – Here’s Why

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $23.00 and last traded at $22.78, with a volume of 103825 shares traded. The stock had previously closed at $20.07.

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

The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 13.93 and a beta of -1.39. The firm’s 50 day simple moving average is $15.30 and its 200 day simple moving average is $15.53.

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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