MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report) dropped 4.1% during mid-day trading on Tuesday . The stock traded as low as $37.80 and last traded at $38.24. Approximately 53,113 shares traded hands during trading, a decline of 50% from the average daily volume of 106,029 shares. The stock had previously closed at $39.89.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Up 4.2 %
The company has a 50-day moving average price of $39.86 and a 200-day moving average price of $40.21.
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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