MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) Dividend Yield, History & Forecast
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) is an exchange-traded fund (ETF) listed on the New York Stock Exchange Arca. market capitalization is approximately $6M.
Frequently Asked Questions about MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD)
What does MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN invest in?▾
OILD makes a big and bearish one-day bet against a concentrated portfolio of US companies in the oil and gas exploration and production industry. The fund provides 300% daily inverse exposure to the price movements of the index. The index has a slightly broader scope of the industry as it covers three segments: (i) integrated oil and gas exploration and production, (ii) upstream energy, and (iii) downstream and midstream energy. The index does not include MLPs. It selects the top 25 stocks by market-cap and weights the resulting portfolio by minimum average daily value traded over 1-month and...
