MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Stock Price Up 5.8% – What’s Next?

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU)’s stock price rose 5.8% during trading on Wednesday . The company traded as high as $25.62 and last traded at $25.50. Approximately 135,670 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 202,603 shares. The stock had previously closed at $24.11.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Stock Up 5.8%

The company has a market capitalization of $38.25 million, a P/E ratio of 8.27 and a beta of 1.84. The business has a 50 day moving average of $23.28 and a 200 day moving average of $22.72.

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 purchased a new stake in shares of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $43,000. Bogart Wealth LLC owned approximately 0.13% of MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN as of its most recent SEC filing.

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.