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

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) saw a large growth in short interest during the month of 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 daily volume of 248,224 shares, the short-interest ratio is presently 0.3 days. Currently, 7.3% of the company’s shares are sold short.

MicroSectors Energy -3X Inverse Leveraged ETN Trading Down 2.9%

Shares of MicroSectors Energy -3X Inverse Leveraged ETN stock traded down $0.14 during mid-day trading on Friday, hitting $4.73. 77,752 shares of the stock were exchanged, compared to its average volume of 143,767. MicroSectors Energy -3X Inverse Leveraged ETN has a twelve month low of $3.66 and a twelve month high of $15.35. The stock has a market capitalization of $4.73 million, a price-to-earnings ratio of 19.46 and a beta of -6.36. The company has a 50-day simple moving average of $4.83 and a 200 day simple moving average of $7.19.

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.