MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Stock Price Down 18.8% – Time to Sell?

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report)’s share price fell 18.8% on Thursday . The company traded as low as $11.50 and last traded at $11.22. 10,224 shares were traded during mid-day trading, a decline of 73% from the average session volume of 38,177 shares. The stock had previously closed at $13.82.

MicroSectors Energy 3X Leveraged ETN Stock Down 25.7 %

The stock has a fifty day moving average of $12.28 and a two-hundred day moving average of $13.38. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 15.45 and a beta of 1.47.

About MicroSectors Energy 3X Leveraged ETN

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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.

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