MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Short Interest Update

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 163,112 shares, an increase of 394.0% from the January 15th total of 33,020 shares. Currently, 10.9% of the company’s stock are short sold. Based on an average daily volume of 50,845 shares, the days-to-cover ratio is presently 3.2 days. Based on an average daily volume of 50,845 shares, the days-to-cover ratio is presently 3.2 days. Currently, 10.9% of the company’s stock are short sold.

MicroSectors Energy 3X Leveraged ETN Trading Down 5.7%

Shares of NYSEARCA:WTIU traded down $0.86 during mid-day trading on Thursday, hitting $14.30. 31,091 shares of the company traded hands, compared to its average volume of 50,765. The stock has a 50-day moving average price of $10.99 and a two-hundred day moving average price of $10.31. MicroSectors Energy 3X Leveraged ETN has a 12-month low of $6.06 and a 12-month high of $15.24. The stock has a market cap of $21.45 million, a P/E ratio of 8.59 and a beta of 1.23.

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.