MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Sees Significant Decline in Short Interest

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 35,535 shares, a drop of 64.5% from the April 30th total of 99,964 shares. Based on an average daily trading volume, of 199,422 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.6% of the company’s stock are sold short.

MicroSectors Energy -3X Inverse Leveraged ETN Trading Down 0.2%

NYSEARCA:WTID traded down $0.01 during trading hours on Friday, hitting $5.02. The stock had a trading volume of 118,994 shares, compared to its average volume of 140,186. The business has a 50 day simple moving average of $4.76 and a two-hundred day simple moving average of $7.65. The company has a market cap of $5.02 million, a PE ratio of 19.46 and a beta of -0.13. MicroSectors Energy -3X Inverse Leveraged ETN has a 1-year low of $3.66 and a 1-year high of $17.65.

About MicroSectors Energy -3X Inverse Leveraged ETN

The MicroSectors Energy 3X Inverse Leveraged ETNs (WTID) 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 inverse price movements of an index of US-listed energy and oil companies, selected and weighted by liquidity. WTID was launched on Feb 17, 2023 and is issued by REX Microsectors.