MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETNMicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETNMicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

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Key stats

Assets under management (AUM)
‪68.86 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
−1.5%

About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

Issuer
Bank of Montreal
Brand
REX Microsectors
Expense ratio
0.95%
Inception date
Nov 8, 2021
Index tracked
Solactive MicroSectors Oil & Gas Exploration & Production Index
Management style
Passive
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 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, OILU 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.

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy