Texas Capital Texas Oil Index ETF (OILT)
ARCA ARCA Primary Summary
OILT Chart
Geopolitical Turmoil, Oil Prices, & the Impact on Texas E&Ps
The conflict between the U.S., Israel, and Iran is sending shockwaves through global crude oil markets. Refineries in Europe and Asia are paying record high prices for crude, a staggering reflection of the tightening supply chain.
Oil Index ETF (OILT) Touches New 52-Week High
OILT hits a new 52-week high, up 50% from its low, as oil prices surge on geopolitical tensions.
Texas Capital Texas Oil Index ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Jeff Ameen Spire Wealth Management | 2,400 | $64,924.8 | $69,984 | $5,059.2 | 7.79% |
Texas Capital Texas Oil Index ETF (OILT) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Texas Capital Texas Oil Index ETF ever had a stock split?
Texas Capital Texas Oil Index ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is designed to offer investors exposure to the oil and gas sector, focusing specifically on companies that operate within Texas. It aims to follow the performance of an economic-value weighted index that includes companies involved in the extraction of oil and gas in this region. By investing at least 80% of its assets in securities that are part of its underlying index, along with depositary receipts that represent these securities, the fund strives to mirror the index's performance. These investments can include both the securities directly and the underlying stocks related to the depositary receipts that are part of the index. This approach highlights the fund's intention to maintain a concentrated focus on the energy sector, particularly within the geographical confines of Texas. The fund has a non-diversified status, indicating a potentially higher risk and reward profile due to its concentrated investment strategy.
Products and Services
- Investment in Securities Included in the Underlying Index
The bulk of the fund's assets are allocated to securities that form part of its specific underlying index. This is a strategic choice to closely follow the performance of companies within the Texas oil and gas sector, making the fund an attractive option for investors seeking targeted exposure to this industry.
- Investment in Depositary Receipts
In addition to direct investments in index securities, the fund expands its reach by investing in depositary receipts. These receipts represent securities included in the fund's underlying index. This method allows the fund to encompass a broader range of securities within its portfolio, enhancing its ability to replicate the index's performance more accurately.
- Underlying Stocks in Respect of Depositary Receipts Included in the Index
The fund also invests in the underlying stocks of the depositary receipts that are part of its index. By doing so, it ensures a more comprehensive investment coverage of the companies it aims to track, further aligning the fund's performance with that of its underlying index. This strategy is designed to provide investors with a more robust exposure to the Texas oil and gas extraction industry through a varied yet focused investment vehicle.
