MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Sees Unusually-High Trading Volume – Still a Buy?

Shares of MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report) saw strong trading volume on Thursday . 102,330 shares traded hands during trading, an increase of 269% from the previous session’s volume of 27,730 shares.The stock last traded at $10.62 and had previously closed at $10.73.

MicroSectors Energy 3X Leveraged ETN Price Performance

The stock’s 50-day simple moving average is $13.78 and its 200 day simple moving average is $15.66.

MicroSectors Energy 3X Leveraged ETN Company Profile

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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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