MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) Shares to Reverse Split on Tuesday, February 24th

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILDFree Report)’s stock is set to reverse split before the market opens on Tuesday, February 24th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 23rd.

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN Stock Down 2.0%

Shares of OILD stock opened at $5.74 on Monday. The firm has a 50 day moving average of $8.65 and a 200-day moving average of $10.44. The company has a market cap of $17.22 million, a price-to-earnings ratio of 12.30 and a beta of -1.75. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN has a 52 week low of $5.53 and a 52 week high of $24.01.

About MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN

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The MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) is an exchange-traded fund that mostly invests in energy equity. The fund provides 3x daily inverse exposure to a tier-weighted index of US firms involved in oil and gas exploration and production. OILD was launched on Nov 8, 2021 and is issued by REX Microsectors.

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