United States 3x Short Oil Fund’s (NASDAQ:USOD) quiet period is set to end on Tuesday, August 29th. United States 3x Short Oil Fund had issued 30,000,000 shares in its initial public offering on July 20th. The total size of the offering was $750,000,000 based on an initial share price of $25.00. During United States 3x Short Oil Fund’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

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United States 3x Short Oil Fund (USOD) opened at 24.11 on Monday. The firm has a 50 day moving average of $23.74 and a 200-day moving average of $23.80. United States 3x Short Oil Fund has a 52-week low of $21.35 and a 52-week high of $27.66.

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