MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Sees Large Drop in Short Interest

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 3,904 shares, a drop of 46.3% from the July 15th total of 7,270 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 64,610 shares, the short-interest ratio is presently 0.1 days.

MicroSectors Energy 3X Leveraged ETN Trading Up 4.2%

Shares of MicroSectors Energy 3X Leveraged ETN stock traded up $0.93 during trading on Tuesday, reaching $23.12. The company’s stock had a trading volume of 56,949 shares, compared to its average volume of 82,730. The company has a 50-day moving average price of $16.40 and a two-hundred day moving average price of $17.04. MicroSectors Energy 3X Leveraged ETN has a fifty-two week low of $8.60 and a fifty-two week high of $25.81. The firm has a market cap of $34.68 million, a PE ratio of 8.59 and a beta of -0.26.

About MicroSectors Energy 3X Leveraged ETN

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.