MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Shares Gap Down – Here’s What Happened

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILUGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $36.51, but opened at $35.48. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN shares last traded at $35.68, with a volume of 26,773 shares changing hands.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Down 10.3 %

The stock has a 50-day moving average price of $33.42 and a 200-day moving average price of $39.23.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Company Profile

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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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