United States 3x Short Oil Fund’s (NYSEARCA:USOD) lock-up period is set to expire on Tuesday, January 16th. United States 3x Short Oil Fund had issued 30,000,000 shares in its public offering on July 20th. The total size of the offering was $750,000,000 based on an initial share price of $25.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Shares of United States 3x Short Oil Fund (NYSEARCA USOD) traded up $0.02 during mid-day trading on Friday, reaching $8.70. 370 shares of the company’s stock traded hands, compared to its average volume of 1,175. United States 3x Short Oil Fund has a 52 week low of $8.35 and a 52 week high of $27.66.
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