MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN
OILD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 900 Third Avenue, 31st Floor New York NY United States of America 10022
- IPO Date
- Nov 9, 2021
- CIK
- 0000927971
- Website
- microsectors.com
- Similar Companies
- Business
- MicroSectors™ Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is an exchange traded note issued by Bank of Montreal that provides three times inverse leveraged participation in the daily performance of the Solactive MicroSectors™ Oil & Gas Exploration & Production Index, compounded daily and minus applicable fees. The underlying index is a total return benchmark tracking the stock prices of approximately 25 large-capitalization companies domiciled and listed in the United States that are active in the exploration and production of oil and gas, including leading firms such as Exxon Mobil Corp., Chevron Corp., ConocoPhillips, EOG Resources Inc., and Occidental Petroleum Corp.; the index reconstitutes quarterly and rebalances monthly. OILD, which seeks returns corresponding to a single trading day and is not designed as a buy-and-hold investment due to daily leverage reset and potential compounding effects over longer periods, trades on NYSE Arca under the ticker OILD (CUSIP: 06368L205), with an intraday indicative value ticker of OILDIV, and matures on June 28, 2041. Launched on November 12, 2021, in partnership with REX Shares, LLC, as part of the MicroSectors lineup of leveraged and inverse ETNs, OILD complements the paired MicroSectors™ Oil & Gas Exploration & Production 3X Leveraged ETNs (OILU), targeting sophisticated investors seeking short-term tactical exposure to the U.S. oil and gas exploration and production sector. The product operates within the exchange-traded products industry, focusing on energy sector volatility plays for institutional and retail traders; it lists approximately 1,000,000 ETNs outstanding with a market capitalization of around $10.35 million as of late September 2025. Bank of Montreal, headquartered in Montreal, Canada, serves as the issuer, while REX Shares, based in Fairfield, Connecticut and founded in 2015, acts as the sponsor architecting targeted ETP solutions across sectors like energy and banking. In recent developments, Bank of Montreal and REX Shares expanded the MicroSectors family in February 2025 by launching additional U.S. Big Banks and U.S. Big Oil leveraged and inverse leveraged ETNs on NYSE Arca, reinforcing their collaboration on energy-themed products amid ongoing market volatility. The issuer implemented a 1-for-20 reverse split on related MicroSectors™ Gold Miners -3X Inverse Leveraged ETNs effective October 22, 2025, and increased the financing spread on MicroSectors™ Gold Miners 3X Leveraged ETNs effective November 21, 2025, signaling active management of leveraged ETN structures amid fluctuating commodity prices. No specific acquisitions, funding rounds, or name changes for OILD have been reported in the past 1-2 years, though the broader oil and gas sector has seen heightened merger activity, such as ONEOK's $18.8 billion acquisition of Magellan Midstream Partners in 2023, indirectly influencing the index constituents.