MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Shares Gap Up – Here’s Why

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU)’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 Stock Up 1.3 %

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC bought a new position in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the company’s stock, valued at approximately $47,000.

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

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.