MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report)’s share price dropped 5.8% on Wednesday . The stock traded as low as $31.00 and last traded at $31.05. Approximately 73,407 shares changed hands during trading, a decline of 30% from the average daily volume of 104,424 shares. The stock had previously closed at $32.96.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Up 6.2 %
The business’s fifty day moving average price is $34.23 and its 200-day moving average price is $40.10.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Company Profile
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.
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