MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Shares Down 8.7% – Here’s What Happened

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report) traded down 8.7% during mid-day trading on Thursday . The stock traded as low as $10.07 and last traded at $10.19. 1,323 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 3,585 shares. The stock had previously closed at $11.16.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Down 8.7%

The stock’s 50-day moving average price is $11.35 and its 200 day moving average price is $12.56. The firm has a market cap of $1.63 million, a price-to-earnings ratio of 19.46 and a beta of -1.14.

MicroSectors Energy -3X Inverse Leveraged ETN Company Profile

(Get Free Report)

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.

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