MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIU) Shares Gap Up – Still a Buy?

Shares of MicroSectors Energy 3X Leveraged ETN (NYSEARCA:WTIUGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $10.36, but opened at $10.66. MicroSectors Energy 3X Leveraged ETN shares last traded at $10.90, with a volume of 20,920 shares changing hands.

MicroSectors Energy 3X Leveraged ETN Stock Performance

The company has a market capitalization of $7.96 billion, a P/E ratio of 14.56 and a beta of 1.47. The company has a 50-day simple moving average of $12.55 and a 200 day simple moving average of $13.77.

MicroSectors Energy 3X Leveraged ETN Company Profile

(Get Free Report)

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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