Short Interest in MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Rises By 104.0%

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 72,505 shares, a growth of 104.0% from the May 14th total of 35,535 shares. Based on an average trading volume of 248,224 shares, the short-interest ratio is currently 0.3 days. Approximately 7.3% of the company’s stock are short sold.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

NYSEARCA:WTID traded down $0.14 during mid-day trading on Friday, hitting $4.73. 77,752 shares of the company’s stock were exchanged, compared to its average volume of 143,767. MicroSectors Energy -3X Inverse Leveraged ETN has a one year low of $3.66 and a one year high of $15.35. The business has a fifty day moving average price of $4.83 and a 200 day moving average price of $7.16. The company has a market cap of $4.73 million, a PE ratio of 19.46 and a beta of -6.36.

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.