MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD – Get Free Report) shares dropped 5.1% during mid-day trading on Friday . The stock traded as low as $16.20 and last traded at $16.33. Approximately 35,719 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 79,453 shares. The stock had previously closed at $17.21.
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Performance
The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 11.55 and a beta of -1.39. The company has a 50-day moving average of $15.25 and a 200-day moving average of $15.86.
About MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN
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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