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

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 35,909 shares, a growth of 23.2% from the February 12th total of 29,142 shares. Based on an average daily volume of 58,772 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.4% of the shares of the company are sold short. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 58,772 shares, the days-to-cover ratio is currently 0.6 days.

MicroSectors Energy 3X Leveraged ETN Price Performance

Shares of MicroSectors Energy 3X Leveraged ETN stock remained flat at $19.15 during trading hours on Friday. The stock had a trading volume of 83,665 shares, compared to its average volume of 85,995. The firm has a 50-day simple moving average of $13.72 and a 200-day simple moving average of $11.33. MicroSectors Energy 3X Leveraged ETN has a twelve month low of $6.06 and a twelve month high of $19.67. The firm has a market capitalization of $28.73 million, a PE 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.