MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report) dropped 5.8% on Wednesday . The stock traded as low as $30.45 and last traded at $30.04. Approximately 105,260 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 156,428 shares. The stock had previously closed at $31.89.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Down 7.7 %
The company’s 50 day moving average is $30.24 and its 200 day moving average is $32.71.
Institutional Investors Weigh In On MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
A hedge fund recently bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC bought a new position in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the company’s stock, valued at approximately $47,000.
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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