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

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) saw a significant decline in short interest in the month of 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 61,930 shares, the days-to-cover ratio is presently 0.0 days.

MicroSectors Energy 3X Leveraged ETN Stock Performance

WTIU stock traded up $1.09 during mid-day trading on Monday, reaching $23.31. 26,053 shares of the stock traded hands, compared to its average volume of 79,599. MicroSectors Energy 3X Leveraged ETN has a one year low of $8.60 and a one year high of $25.81. The stock has a market capitalization of $34.97 million, a PE ratio of 8.59 and a beta of -0.26. The business has a 50-day moving average price of $17.79 and a two-hundred day moving average price of $17.65.

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.