MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Stock Price Down 5.1% – Time to Sell?

MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report) dropped 5.1% during mid-day trading on Monday . The company traded as low as $15.53 and last traded at $15.65. Approximately 36,561 shares changed hands during trading, an increase of 39% from the average daily volume of 26,256 shares. The stock had previously closed at $16.49.

MicroSectors Energy 3X Leveraged ETN Price Performance

The company has a 50-day moving average of $15.01 and a 200-day moving average of $16.78.

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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