MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Sees Unusually-High Trading Volume – Should You Buy?

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) saw unusually-high trading volume on Friday . Approximately 50,584 shares were traded during trading, a decline of 22% from the previous session’s volume of 64,465 shares.The stock last traded at $15.40 and had previously closed at $14.80.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Up 4.6 %

The firm’s 50-day simple moving average is $15.08 and its two-hundred day simple moving average is $15.81.

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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