MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU) Stock Price Up 4.9% – Still a Buy?

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (NYSEARCA:OILU)’s stock price rose 4.9% on Wednesday . The stock traded as high as $32.90 and last traded at $32.90. Approximately 12,811 shares changed hands during trading, a decline of 92% from the average daily volume of 153,614 shares. The stock had previously closed at $31.36.

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN Trading Up 4.6 %

The company’s fifty day moving average is $30.03 and its two-hundred day moving average is $32.43.

Hedge Funds Weigh In On MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

An institutional investor recently bought a new position in MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN stock. Bogart Wealth LLC purchased a new position 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 disclosure with the Securities and 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.