MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Trading Down 2.9% – Here’s Why

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) was down 2.9% on Monday . The stock traded as low as $13.02 and last traded at $13.17. Approximately 14,897 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 81,712 shares. The stock had previously closed at $13.57.

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

The stock has a market capitalization of $9.41 billion, a PE ratio of 16.64 and a beta of -1.39. The firm has a fifty day moving average price of $14.89 and a two-hundred day moving average price of $15.76.

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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