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

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 14,446 shares, a drop of 80.1% from the May 31st total of 72,505 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 182,397 shares, the short-interest ratio is currently 0.1 days.

MicroSectors Energy -3X Inverse Leveraged ETN Trading Down 1.9%

Shares of NYSEARCA WTID opened at $5.55 on Friday. MicroSectors Energy -3X Inverse Leveraged ETN has a 12-month low of $3.66 and a 12-month high of $15.35. The firm has a market capitalization of $5.55 million, a price-to-earnings ratio of 19.46 and a beta of 5.67. The firm has a 50 day moving average of $4.95 and a 200 day moving average of $6.82.

MicroSectors Energy -3X Inverse Leveraged ETN Company Profile

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.