MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Stock Price Down 4.7% – Should You Sell?

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU)’s stock price was down 4.7% during mid-day trading on Monday . The company traded as low as $37.27 and last traded at $37.34. Approximately 162,168 shares changed hands during trading, an increase of 41% from the average daily volume of 115,332 shares. The stock had previously closed at $39.20.

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

The company has a fifty day moving average price of $33.71 and a 200 day moving average price of $36.47.

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 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,500 shares of the company’s stock, valued at approximately $47,000.

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

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.