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

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 7,270 shares, a decline of 47.1% from the June 30th total of 13,749 shares. Based on an average trading volume of 26,719 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

MicroSectors Energy 3X Leveraged ETN Stock Performance

Shares of NYSEARCA:WTIU traded up $1.39 during trading hours on Wednesday, hitting $18.51. 27,385 shares of the company’s stock traded hands, compared to its average volume of 84,828. The company’s fifty day simple moving average is $15.88 and its two-hundred day simple moving average is $16.22. The company has a market cap of $27.77 million, a price-to-earnings ratio of 8.59 and a beta of -0.09. MicroSectors Energy 3X Leveraged ETN has a 52 week low of $8.60 and a 52 week high of $25.81.

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.