MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Trading 5.5% Higher – Still a Buy?

Shares of MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report) rose 5.5% during mid-day trading on Friday . The company traded as high as $16.40 and last traded at $16.63. Approximately 1,924 shares traded hands during trading, a decline of 48% from the average daily volume of 3,699 shares. The stock had previously closed at $15.76.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

The company’s 50-day simple moving average is $19.03 and its 200-day simple moving average is $18.17.

MicroSectors Energy -3X Inverse Leveraged ETN Company Profile

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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.

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