Short Interest in MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Declines By 80.1%

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 14,446 shares, a decline of 80.1% from the May 31st total of 72,505 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 182,397 shares, the short-interest ratio is currently 0.1 days.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA:WTID traded up $0.09 on Friday, hitting $5.64. The company’s stock had a trading volume of 112,912 shares, compared to its average volume of 141,430. MicroSectors Energy -3X Inverse Leveraged ETN has a 12 month low of $3.66 and a 12 month high of $15.35. The company has a market capitalization of $5.64 million, a price-to-earnings ratio of 19.46 and a beta of 5.67. The stock’s 50-day moving average is $4.96 and its two-hundred day moving average is $6.81.

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.