Shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report) fell 6.3% during trading on Wednesday . The stock traded as low as $26.47 and last traded at $26.60. 73,749 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 104,381 shares. The stock had previously closed at $28.40.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Up 2.2 %
The firm’s fifty day simple moving average is $35.90 and its 200 day simple moving average is $40.49.
About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
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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