MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Shares Gap Down – Here’s Why

Shares of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $15.87, but opened at $15.54. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN shares last traded at $15.15, with a volume of 15,953 shares changing hands.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Down 2.7 %

The firm’s fifty day simple moving average is $15.98 and its 200 day simple moving average is $16.00.

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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