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

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) saw a large increase in short interest in 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. Approximately 9.0% of the shares of the company are sold short. Based on an average daily volume of 95,015 shares, the days-to-cover ratio is presently 0.9 days.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

NYSEARCA WTID traded down $0.07 during trading on Wednesday, reaching $2.96. 35,945 shares of the company’s stock were exchanged, compared to its average volume of 121,973. The business has a 50 day moving average price of $4.33 and a 200-day moving average price of $4.91. The stock has a market capitalization of $2.96 million, a P/E ratio of 19.46 and a beta of 0.02. MicroSectors Energy -3X Inverse Leveraged ETN has a fifty-two week low of $2.71 and a fifty-two week high of $14.07.

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.