MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Stock Price Up 5.4% – Time to Buy?

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report) rose 5.4% during mid-day trading on Tuesday . The company traded as high as $13.23 and last traded at $13.39. Approximately 23,879 shares changed hands during trading, a decline of 56% from the average daily volume of 53,917 shares. The stock had previously closed at $12.70.

MicroSectors Energy 3X Leveraged ETN Price Performance

The firm’s 50-day simple moving average is $12.50 and its 200 day simple moving average is $14.40.

About MicroSectors Energy 3X Leveraged ETN

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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.

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