MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (OILU) Dividend Yield, History & Forecast
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (OILU) is an exchange-traded fund (ETF) listed on the New York Stock Exchange Arca. market capitalization is approximately $62M.
Frequently Asked Questions about MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN (OILU)
What does MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN invest in?▾
OILU is an aggressive and bullish one-day bet on a concentrated portfolio of US companies in the oil and gas exploration and production industry. 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 the minimum average daily value traded over 1-month and 6-months. The following weights are assigned per bucket: 30% for oil and gas...