MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Sees Unusually-High Trading Volume – Still a Buy?

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) saw unusually-high trading volume on Thursday . Approximately 101,537 shares changed hands during trading, an increase of 20% from the previous session’s volume of 84,471 shares.The stock last traded at $14.79 and had previously closed at $12.57.

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

The stock has a fifty day moving average of $14.90 and a 200 day moving average of $15.45. The company has a market capitalization of $14.64 billion, a PE ratio of 13.93 and a beta of -1.39.

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

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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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