MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Trading Up 6.7% – Still a Buy?

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report)’s share price was up 6.7% during trading on Wednesday . The stock traded as high as $14.86 and last traded at $14.83. Approximately 48,086 shares traded hands during trading, a decline of 25% from the average daily volume of 64,462 shares. The stock had previously closed at $13.90.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Trading Up 6.5 %

The firm’s 50-day moving average price is $15.21 and its 200 day moving average price is $15.83.

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

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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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