MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report) shares were down 7.1% during trading on Tuesday . The stock traded as low as $45.60 and last traded at $46.03. Approximately 30,114 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 130,281 shares. The stock had previously closed at $49.55.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Down 9.7 %
The company has a 50-day moving average price of $44.04 and a two-hundred day moving average price of $38.84.
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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