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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD)’s stock is scheduled 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 3.2%

Shares of NYSEARCA:OILD opened at $5.41 on Friday. The stock has a market cap of $16.23 million, a P/E 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 $5.22 and a 52-week high of $24.01. The business’s 50 day moving average is $8.33 and its 200 day moving average is $10.27.

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

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.