MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock to Reverse Split on Tuesday, February 24th (NYSEARCA:OILD)

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD)’s stock is set to reverse split before the market opens on Tuesday, February 24th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 23rd.

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

Shares of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN stock opened at $5.74 on Monday. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 1 year low of $5.53 and a 1 year high of $24.01. The business has a 50 day moving average price of $8.65 and a 200 day moving average price of $10.44. The company has a market capitalization of $17.22 million, a P/E ratio of 12.30 and a beta of -1.75.

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

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.