MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Stock Price Up 6.1% – Should You Buy?

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report) shot up 6.1% during mid-day trading on Wednesday . The stock traded as high as $14.09 and last traded at $14.18. 25,310 shares changed hands during trading, a decline of 33% from the average session volume of 37,678 shares. The stock had previously closed at $13.37.

MicroSectors Energy 3X Leveraged ETN Stock Up 4.2 %

The stock has a 50-day moving average of $12.56 and a 200 day moving average of $13.44. The stock has a market cap of $10.16 billion, a PE ratio of 12.94 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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