MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Shares Gap Down – Time to Sell?

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.04, but opened at $9.08. MicroSectors Energy 3X Leveraged ETN shares last traded at $8.04, with a volume of 11,003 shares changing hands.

MicroSectors Energy 3X Leveraged ETN Trading Down 23.5 %

The firm has a market cap of $5.60 billion, a PE ratio of 15.45 and a beta of 1.47. The firm has a fifty day simple moving average of $12.40 and a two-hundred day simple moving average of $13.42.

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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