MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Shares Gap Up – Here’s What Happened

Shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) gapped up before the market opened on Monday . The stock had previously closed at $29.76, but opened at $30.63. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN shares last traded at $31.06, with a volume of 27,829 shares traded.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Up 4.8 %

The company’s 50 day simple moving average is $32.56 and its 200 day simple moving average is $37.54.

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

An institutional investor recently bought a new position in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,500 shares of the company’s stock, valued at approximately $47,000.

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.