Shares of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD – Get Free Report) were down 7.4% on Tuesday . The company traded as low as $16.00 and last traded at $16.00. Approximately 70,380 shares changed hands during trading, an increase of 4% from the average daily volume of 67,677 shares. The stock had previously closed at $17.28.
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Performance
The stock’s 50-day simple moving average is $16.90 and its two-hundred day simple moving average is $15.52.
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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