MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report)’s share price fell 4.7% during mid-day trading on Friday . The company traded as low as $38.67 and last traded at $38.73. 34,602 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 109,428 shares. The stock had previously closed at $40.65.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Price Performance
The company has a 50 day simple moving average of $41.49 and a 200 day simple moving average of $39.90.
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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