Shares of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD – Get Free Report) were down 2.9% on Monday . The company traded as low as $13.02 and last traded at $13.17. Approximately 14,897 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 81,712 shares. The stock had previously closed at $13.57.
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Performance
The company has a 50-day moving average price of $14.83 and a 200-day moving average price of $15.68. The firm has a market capitalization of $9.43 billion, a P/E ratio of 16.64 and a beta of -1.39.
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Company Profile
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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