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

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

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

NYSEARCA:WTID traded down $0.01 during mid-day trading on Friday, reaching $5.02. The company’s stock had a trading volume of 118,994 shares, compared to its average volume of 140,186. The company’s fifty day simple moving average is $4.76 and its two-hundred day simple moving average is $7.65. MicroSectors Energy -3X Inverse Leveraged ETN has a twelve month low of $3.66 and a twelve month high of $17.65. The stock has a market cap of $5.02 million, a P/E ratio of 19.46 and a beta of -0.13.

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.