MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Sees Large Volume Increase – Still a Buy?

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report) shares saw an uptick in trading volume on Monday . 13,626 shares changed hands during mid-day trading, a decline of 40% from the previous session’s volume of 22,810 shares.The stock last traded at $16.01 and had previously closed at $16.41.

MicroSectors Energy 3X Leveraged ETN Stock Down 10.4 %

The stock has a 50-day moving average of $15.52 and a 200 day moving average of $18.72.

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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