MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU – Get Free Report)’s share price shot up 14.5% on Monday . The company traded as high as $46.43 and last traded at $46.40. Approximately 203,747 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 260,259 shares. The stock had previously closed at $40.53.
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Performance
The company has a market capitalization of $71.53 million, a PE ratio of 8.27 and a beta of 1.24. The firm’s 50-day simple moving average is $39.20 and its 200 day simple moving average is $41.65.
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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