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

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $10.88, but opened at $10.46. MicroSectors Energy 3X Leveraged ETN shares last traded at $10.05, with a volume of 8,927 shares changing hands.

MicroSectors Energy 3X Leveraged ETN Stock Performance

The stock has a 50-day moving average price of $12.56 and a two-hundred day moving average price of $13.88. The stock has a market capitalization of $7.26 billion, a PE ratio of 14.56 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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