MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Trading Up 4.4% – Time to Buy?

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU)’s stock price was up 4.4% during trading on Tuesday . The stock traded as high as $32.08 and last traded at $32.20. Approximately 56,049 shares were traded during trading, a decline of 64% from the average daily volume of 155,717 shares. The stock had previously closed at $30.85.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Up 3.0 %

The stock’s fifty day simple moving average is $30.32 and its two-hundred day simple moving average is $32.77.

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 acquired a new stake in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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.