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The MicroSectors Oil & Gas Exploration & Production Exchange Traded Note is linked to the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index. The Solactive MicroSectors Oil & Gas Exploration & Production Index measures the performance of 25 large capitalization companies that are domiciled and listed in the U.S., and active in the exploration and production of oil and gas. The Index s underlying composition is weighted by average daily value traded.
Microsectors Oil & Gas Exploration & Production -3X Inverse Leveraged ETN trades on the ARCA stock market under the symbol OILU.
As of March 28, 2024, OILU stock price climbed to $47.31 with 388,002 million shares trading.
OILU has a beta of 1.94, meaning it tends to be more sensitive to market movements. OILU has a correlation of 0.14 to the broad based SPY ETF.
OILU has a market cap of $70.97 million. This is considered a Micro Cap stock.
OILU has outperformed the market in the last year with a price return of +34.3% while the SPY ETF gained +33.6%. OILU has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +26.9% and +15.4%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
OILU support price is $44.65 and resistance is $47.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OILU stock will trade within this expected range on the day.