MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Stock Price Up 2.3% – Time to Buy?

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) shot up 2.3% during trading on Friday . The stock traded as high as $13.40 and last traded at $13.42. 128,983 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 83,352 shares. The stock had previously closed at $13.11.

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

The stock has a 50-day moving average price of $14.81 and a two-hundred day moving average price of $15.58. The stock has a market capitalization of $9.68 billion, a PE ratio of 13.93 and a beta of -1.39.

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

(Get Free Report)

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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