MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Short Interest Down 80.1% in June

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the recipient of a significant 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. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 182,397 shares, the short-interest ratio is currently 0.1 days.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA:WTID traded up $0.09 during mid-day trading on Friday, reaching $5.64. 112,912 shares of the company’s stock were exchanged, compared to its average volume of 141,430. MicroSectors Energy -3X Inverse Leveraged ETN has a twelve month low of $3.66 and a twelve month high of $15.35. The firm has a market capitalization of $5.64 million, a price-to-earnings ratio of 19.46 and a beta of 5.67. The business’s fifty day moving average price is $4.96 and its 200-day moving average price is $6.81.

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.