OILT

Texas Capital Texas Oil Index ETF

$23.46

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The OILT ETF seeks to track the performance of the Texas Capital Texas Oil Index, which is designed to provide exposure to publicly traded companies involved in the Texas oil and gas industry.

Overview

ETF tracking Texas Capital Texas Oil Index ETF

Category Energy

Issuer Other

Inception Date 2023-12-21

Market Cap $12.7M

Average Volume N/A

Dividend Yield 2.77%

52-Week Range $18.65 - $26.86

VWAP $23.11

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The OILT ETF seeks to track the performance of the Texas Capital Texas Oil Index, which is designed to provide exposure to publicly traded companies involved in the Texas oil and gas industry.

🎯 Investment Strategy

The ETF invests in a portfolio of stocks that are components of the Texas Capital Texas Oil Index. The index is weighted based on the market capitalization of the constituent companies.

✨ Key Features

Provides targeted exposure to the Texas oil and gas sector
Tracks an index focused on publicly traded companies based in Texas
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentrated exposure to a specific geographic region and industry sector
Potential volatility due to the cyclical nature of the oil and gas industry
Limited diversification compared to broader energy or equity indexes
Lack of long-term performance history to evaluate the fund's track record

👤 Best For

The OILT ETF may be suitable for investors seeking targeted exposure to the Texas oil and gas industry as part of a diversified portfolio. However, due to the concentrated nature of the fund, it is generally more appropriate for investors with a higher risk tolerance and a longer investment horizon.