MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Sees Significant Decrease in Short Interest

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU – Get Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 3,904 shares, a decline of 46.3% from the July 15th total of 7,270 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 64,610 shares, the short-interest ratio is currently 0.1 days.

MicroSectors Energy 3X Leveraged ETN Stock Up 2.6%

Shares of WTIU stock traded up $0.54 on Friday, reaching $21.18. The company’s stock had a trading volume of 26,190 shares, compared to its average volume of 83,306. MicroSectors Energy 3X Leveraged ETN has a 12-month low of $8.60 and a 12-month high of $25.81. The company has a market capitalization of $31.77 million, a P/E ratio of 8.59 and a beta of -0.26. The stock’s 50 day simple moving average is $16.30 and its 200-day simple moving average is $16.92.

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MicroSectors Energy 3X Leveraged ETN Company Profile

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The MicroSectors Energy 3X Leveraged ETNs (WTIU) is an exchange-traded fund that is based on the Solactive MicroSectors Energy index. The fund is an exchange-traded note that tracks 3x the daily price movements of an index of US-listed energy and oil companies, selected and weighted by liquidity. WTIU was launched on Feb 15, 2023 and is issued by REX Microsectors.

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