MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Shares Gap Down – Time to Sell?

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.87, but opened at $15.54. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN shares last traded at $15.15, with a volume of 15,953 shares trading hands.

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

The firm has a 50 day moving average of $15.98 and a 200-day moving average of $16.00.

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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