Short Interest in MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Drops By 64.5%

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the recipient of a large decrease in short interest in 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 short-interest ratio is presently 0.2 days. Approximately 3.6% of the company’s stock are short sold.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

NYSEARCA WTID traded down $0.01 during trading hours on Friday, hitting $5.02. The company had a trading volume of 118,994 shares, compared to its average volume of 140,186. MicroSectors Energy -3X Inverse Leveraged ETN has a fifty-two week low of $3.66 and a fifty-two week high of $17.65. The company has a market capitalization of $5.02 million, a price-to-earnings ratio of 19.46 and a beta of -0.13. The firm’s 50 day moving average is $4.76 and its 200 day moving average is $7.62.

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.