MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Shares Gap Up – Should You Buy?

Posted by Jessica Moore on Nov 6th, 2024

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $29.76, but opened at $30.63. MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN shares last traded at $31.06, with a volume of 27,829 shares traded.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Price Performance

The firm’s fifty day simple moving average is $32.38 and its 200 day simple moving average is $37.33.

Institutional Trading of 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 acquired a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $47,000.

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

(Get Free Report)

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.