Short Interest in MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Drops By 86.8%

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 19,186 shares, a drop of 86.8% from the March 31st total of 144,976 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 186,120 shares, the days-to-cover ratio is presently 0.1 days.

MicroSectors Energy 3X Leveraged ETN Stock Performance

Shares of WTIU stock traded down $0.53 during mid-day trading on Friday, hitting $16.82. The company’s stock had a trading volume of 57,677 shares, compared to its average volume of 113,140. MicroSectors Energy 3X Leveraged ETN has a 52-week low of $7.22 and a 52-week high of $25.81. The business has a 50-day moving average price of $18.24 and a 200 day moving average price of $13.22. The stock has a market cap of $25.23 million, a price-to-earnings ratio of 8.59 and a beta of 0.25.

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.