MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Short Interest Up 394.0% in January

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 163,112 shares, an increase of 394.0% from the January 15th total of 33,020 shares. Based on an average daily volume of 50,845 shares, the days-to-cover ratio is presently 3.2 days. Approximately 10.9% of the shares of the stock are short sold. Approximately 10.9% of the shares of the stock are short sold. Based on an average daily volume of 50,845 shares, the days-to-cover ratio is presently 3.2 days.

MicroSectors Energy 3X Leveraged ETN Trading Down 1.4%

NYSEARCA:WTIU opened at $14.10 on Wednesday. The stock has a 50 day moving average of $10.83 and a two-hundred day moving average of $10.25. MicroSectors Energy 3X Leveraged ETN has a 12 month low of $6.06 and a 12 month high of $14.51. The firm has a market cap of $21.15 million, a P/E ratio of 8.59 and a beta of 1.23.

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.