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

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (NYSEARCA:OILD) shares are going to reverse split on the morning of Tuesday, February 24th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 23rd.

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

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

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.