MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Stock Price Down 1.4% – Here’s What Happened

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) dropped 1.4% during mid-day trading on Wednesday . The stock traded as low as $22.45 and last traded at $22.53. Approximately 50,406 shares traded hands during trading, a decline of 75% from the average daily volume of 199,921 shares. The stock had previously closed at $22.86.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Price Performance

The company has a 50-day moving average of $23.37 and a 200 day moving average of $23.09. The company has a market cap of $33.80 million, a PE ratio of 8.27 and a beta of 1.84.

Institutional Trading of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC bought a new stake in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN at the end of the most recent reporting period.

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

The MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (OILU) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily leveraged exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILU was launched on Nov 12, 2021 and is issued by REX Microsectors.