Short Interest in MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Grows By 84.2%

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 26,605 shares, an increase of 84.2% from the June 15th total of 14,446 shares. Based on an average trading volume of 101,667 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.7% of the shares of the stock are sold short.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Performance

Shares of WTID opened at $4.15 on Friday. MicroSectors Energy -3X Inverse Leveraged ETN has a 1 year low of $3.66 and a 1 year high of $15.12. The company’s 50 day simple moving average is $4.96 and its 200 day simple moving average is $6.13. The company has a market capitalization of $4.15 million, a price-to-earnings ratio of 19.46 and a beta of -0.10.

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.