MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Trading Down 4.7% – Time to Sell?

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILUGet Free Report) shares traded down 4.7% during trading on Monday . The stock traded as low as $37.27 and last traded at $37.34. 162,168 shares were traded during trading, an increase of 41% from the average session volume of 115,332 shares. The stock had previously closed at $39.20.

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

The company has a 50-day moving average price of $34.07 and a two-hundred day moving average price of $36.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC acquired a new stake in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILUFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,500 shares of the company’s stock, valued at approximately $47,000.

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

(Get Free Report)

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.

Further Reading

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