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

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 2,129 shares, a decline of 45.5% from the July 30th total of 3,904 shares. Based on an average daily volume of 61,930 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

MicroSectors Energy 3X Leveraged ETN Trading Up 1.4%

WTIU stock traded up $0.30 during trading hours on Friday, hitting $22.22. 12,214 shares of the stock traded hands, compared to its average volume of 79,922. The stock has a 50-day simple moving average of $17.79 and a 200 day simple moving average of $17.62. The company has a market cap of $33.33 million, a P/E ratio of 8.59 and a beta of -0.26. MicroSectors Energy 3X Leveraged ETN has a one year low of $8.60 and a one year high of $25.81.

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.