MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) Price & Chart
OILD ETF Chart & Stats
- Day’s Range
- $21.01 - $21.73
- 52-Week Range
- $21.01 - $117.20
- Previous Close
- $22.36
- Volume
- 76.35K
- Average Volume (3M)
- 101.42K
- AUM
- 22.34M
- NAV
- 21.12
- Expense Ratio
- 0.95%
- Holdings Count
- 0
- Beta
- -0.84
- Inception Date
- Nov 08, 2021
- Last Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
- Shares Outstanding
- 1,000,000
- Standard Deviation
- N/A
ETF Overview
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (ticker: OILD) offers investors a dynamic tool to capitalize on market movements within the energy sector, specifically targeting the oil, gas, and consumable fuels niche. This exchange-traded note provides a strategic opportunity for sophisticated investors seeking to profit from declines in the oil and gas exploration and production industry. By delivering three times the inverse performance of a benchmark index, OILD is designed for tactical traders and those with a bearish outlook on this volatile segment of the energy market. This ETN is not for the faint-hearted; it utilizes leverage to amplify daily returns, making it a high-risk, high-reward investment vehicle. As a sector-focused product, OILD allows investors to hedge against potential downturns in oil prices or to speculate on negative market trends affecting major oil and gas producers. Its niche focus on consumable fuels ensures a concentrated exposure to companies involved in the exploration and production of these critical energy resources. Investors considering OILD should have a firm understanding of the underlying market dynamics and be prepared for significant price fluctuations. This ETN is best suited for those with a short-term investment horizon and a robust risk tolerance, as the leveraged inverse structure can result in substantial gains or losses. With its precise targeting of the energy sector's most pivotal components, OILD stands out as a potent instrument for those betting against the tide in oil and gas markets.
- Asset Class
- Equity
- Region
- North America
- Issuer
- REX Microsectors
- Index Tracked
- Solactive MicroSectors Oil & Gas Exploration & Production Index
- Ticker Symbol
- OILD
