MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Sees Strong Trading Volume – What’s Next?

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) shares saw an uptick in trading volume on Monday . 58,976 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 102,353 shares.The stock last traded at $15.86 and had previously closed at $16.06.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Down 0.1 %

The company’s fifty day moving average is $15.92 and its 200-day moving average is $15.66. The firm has a market capitalization of $11.70 billion, a P/E ratio of 22.37 and a beta of -1.39.

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

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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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