MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
OILU
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 Leveraged ETNs (OILU) is an exchange-traded note issued by Bank of Montreal that provides three times leveraged exposure, compounded daily, to the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index, less fees. The ETN, which matures on June 28, 2041, tracks a total return index comprising approximately 25 large-capitalization U.S.-domiciled and listed companies actively engaged in oil and gas exploration and production, including Exxon Mobil Corp., Chevron Corp., ConocoPhillips, EQT Corp., Occidental Petroleum Corp., and others, with tiered weightings that reconstitute quarterly and rebalance monthly. OILU trades on the NYSE Arca exchange under the ticker OILU, with an intraday indicative value ticker of OILUIV and CUSIP 063679583; it targets sophisticated investors seeking amplified daily returns from the upstream energy sector rather than long-term "buy-and-hold" strategies. Launched on November 12, 2021, the ETN operates within the leveraged equity segment focused on U.S. oil, gas, and consumable fuels, serving traders and institutions exposed to energy market volatility. Headquartered in Toronto, Canada, Bank of Montreal, in partnership with REX Shares LLC—a provider of innovative exchange-traded products—manages the MicroSectors product line, which includes complementary inverse leveraged ETNs and related offerings across sectors like energy, banking, and commodities. The ETN maintains 1,500,000 units outstanding, with a recent market capitalization of approximately $36.8 million as of early December 2025. In recent developments, Bank of Montreal has actively managed its MicroSectors ETN suite amid market conditions, including a 1-for-20 reverse split on related Gold Miners -3X Inverse Leveraged ETNs effective October 22, 2025, to adjust trading denominations while preserving aggregate principal amounts. The issuer increased the financing spread for select MicroSectors Gold Miners 3X Leveraged ETNs in November 2025 and launched new U.S. Big Banks and U.S. Big Oil leveraged/inverse ETNs with REX Shares in February 2025, expanding the platform's energy and financial sector exposure. No specific reverse splits, redemptions, or delistings have been announced for OILU itself within the past two years, though ongoing index rebalancing continues to adapt to upstream oil and gas dynamics.