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

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 14,930 shares, a growth of 74.1% from the December 15th total of 8,577 shares. Based on an average trading volume of 29,990 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.0% of the company’s stock are sold short. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 29,990 shares, the days-to-cover ratio is currently 0.5 days.

MicroSectors Energy 3X Leveraged ETN Price Performance

Shares of WTIU stock traded down $0.43 during midday trading on Thursday, hitting $10.69. The company had a trading volume of 20,668 shares, compared to its average volume of 40,153. The company’s 50 day simple moving average is $10.14 and its 200 day simple moving average is $9.94. MicroSectors Energy 3X Leveraged ETN has a 52-week low of $6.06 and a 52-week high of $14.65. The stock has a market cap of $16.04 million, a price-to-earnings ratio of 8.59 and a beta of 1.23.

MicroSectors Energy 3X Leveraged ETN Company Profile

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.