MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Trading Down 0.8% – Here’s Why

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report) dropped 0.8% on Thursday . The company traded as low as $4.76 and last traded at $4.82. Approximately 137,092 shares were traded during trading, an increase of 6% from the average daily volume of 129,619 shares. The stock had previously closed at $4.86.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

The business has a 50-day simple moving average of $4.89 and a two-hundred day simple moving average of $8.19. The stock has a market cap of $4.42 million, a price-to-earnings ratio of 19.46 and a beta of -0.13.

About MicroSectors Energy -3X Inverse Leveraged ETN

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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.

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