Short Interest in MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Drops By 47.1%

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

MicroSectors Energy 3X Leveraged ETN Price Performance

WTIU traded up $0.27 during trading on Thursday, hitting $18.78. 22,611 shares of the stock traded hands, compared to its average volume of 84,368. The firm has a market capitalization of $28.16 million, a P/E ratio of 8.59 and a beta of -0.09. MicroSectors Energy 3X Leveraged ETN has a 12-month low of $8.60 and a 12-month high of $25.81. The firm has a 50-day moving average of $15.87 and a 200 day moving average of $16.28.

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.