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

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 3,904 shares, a decline of 46.3% from the July 15th total of 7,270 shares. Based on an average daily volume of 64,610 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are sold short.

MicroSectors Energy 3X Leveraged ETN Stock Performance

WTIU traded up $0.54 on Friday, reaching $21.18. The company had a trading volume of 26,190 shares, compared to its average volume of 83,306. The business has a 50 day simple moving average of $16.30 and a 200 day simple moving average of $16.92. The company has a market cap of $31.77 million, a price-to-earnings ratio of 8.59 and a beta of -0.26. 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.