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

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 90,117 shares, an increase of 436.3% from the July 30th total of 16,805 shares. Based on an average daily trading volume, of 95,015 shares, the short-interest ratio is currently 0.9 days. Approximately 9.0% of the company’s shares are short sold.

MicroSectors Energy -3X Inverse Leveraged ETN Trading Down 0.3%

Shares of NYSEARCA WTID traded down $0.01 on Friday, reaching $3.03. 14,733 shares of the company traded hands, compared to its average volume of 120,987. MicroSectors Energy -3X Inverse Leveraged ETN has a fifty-two week low of $2.71 and a fifty-two week high of $14.07. The company has a 50 day moving average of $4.23 and a 200 day moving average of $4.85. The stock has a market capitalization of $3.03 million, a PE ratio of 19.46 and a beta of 0.02.

About MicroSectors Energy -3X Inverse Leveraged ETN

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.