MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Shares Gap Down – Here’s Why

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $8.30, but opened at $7.55. MicroSectors Energy 3X Leveraged ETN shares last traded at $6.79, with a volume of 29,107 shares changing hands.

MicroSectors Energy 3X Leveraged ETN Price Performance

The firm’s fifty day simple moving average is $11.53 and its 200 day simple moving average is $13.02. The company has a market capitalization of $5.05 billion, a PE ratio of 15.45 and a beta of 1.47.

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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