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

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,270 shares, a drop of 47.1% from the June 30th total of 13,749 shares. Based on an average daily volume of 26,719 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are sold short.

MicroSectors Energy 3X Leveraged ETN Stock Up 2.6%

WTIU traded up $0.49 during trading on Friday, hitting $19.28. The company’s stock had a trading volume of 123,163 shares, compared to its average volume of 84,650. The firm has a market capitalization of $28.91 million, a P/E ratio of 8.59 and a beta of -0.09. MicroSectors Energy 3X Leveraged ETN has a twelve month low of $8.60 and a twelve month high of $25.81. The stock’s fifty day moving average price is $15.89 and its 200-day moving average price is $16.33.

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.