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

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

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Key facts today


On June 3, 2025, Bank of Montreal reported its position on LondonMetric Property PLC, outlining interests and short positions in line with Rule 8.3 of the Takeover Code.
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Key stats


Assets under management (AUM)
‪15.59 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
−0.2%
Shares outstanding
‪1.00 M‬
Expense ratio
0.95%

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


Brand
REX Microsectors
Inception date
Nov 8, 2021
Structure
Exchange-Traded Note
Index tracked
Solactive MicroSectors Oil & Gas Exploration & Production Index
Management style
Passive
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
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.

Classification


Asset Class
Equity
Category
Sector
Focus
Energy
Niche
Oil, gas & consumable fuels
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Tiered
Selection criteria
Market cap

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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
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to OILD via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
OILD trades at 14.39 USD today, its price has fallen −4.39% in the past 24 hours. Track more dynamics on OILD price chart.
OILD net asset value is 14.94 today — it's fallen 10.80% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
OILD assets under management is ‪15.59 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
OILD price has fallen by −6.93% over the last month, and its yearly performance shows a −1.64% decrease. See more dynamics on OILD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −10.80% over the last month, showed a −9.75% decrease in three-month performance and has increased by 3.16% in a year.
OILD fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
OILD expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
OILD is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, OILD technical analysis shows the strong sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating OILD shows the sell signal. See more of OILD technicals for a more comprehensive analysis.
No, OILD doesn't pay dividends to its holders.
OILD trades at a premium (0.18%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
OILD shares are issued by Bank of Montreal
OILD follows the Solactive MicroSectors Oil & Gas Exploration & Production Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 8, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.