Short Interest in MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Declines By 39.2%

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 21,850 shares, a decline of 39.2% from the February 26th total of 35,909 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 219,443 shares, the days-to-cover ratio is presently 0.1 days.

MicroSectors Energy 3X Leveraged ETN Trading Up 5.2%

WTIU traded up $1.24 during mid-day trading on Friday, hitting $24.88. 194,768 shares of the stock were exchanged, compared to its average volume of 96,482. The firm’s fifty day moving average is $15.93 and its two-hundred day moving average is $12.10. MicroSectors Energy 3X Leveraged ETN has a 1-year low of $6.06 and a 1-year high of $25.00. The company has a market cap of $37.32 million, a PE ratio of 8.59 and a beta of 1.23.

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.