Key stats
About MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN
Expense ratio
0.95%
Home page
Inception date
Nov 8, 2021
ISIN
US06368L2051
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 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 average daily value traded. The following weights are assigned per bucket: 30% for oil and gas exploration and production, 50% for upstream, and 20% for downstream and midstream. As a geared product, OILD is only designed as a short-term trading tool. Long-term returns could materially differ from those of the index due to daily compounding. Additionally, since the fund uses an ETN structure, investors assume the credit risk of the issuer.
USOIL 2 Week ForecastThe selling won’t be finished until we reach $50-$47 USOIL.
A selloff to $51 USOIL coincides with about $32 OILD
If we go below that, towards 50, towards 47, we could see $35+ OILD.
For those of you who happen to see this, I’m legitimately curious, how many of you saw this selloff in USOIL comin
$OILD - Climactic Selling Volume & Gap FillRecord long net spec oils and climactic selling into support and previous gap. (Not sure how that was there.. Clue? at 24.50) Oil overbought and torched.
See all ideas