MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Stock Price Down 1.9% – Here’s Why

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID)’s share price fell 1.9% on Wednesday. The company traded as low as $2.0350 and last traded at $2.07. Approximately 69,169 shares changed hands during trading, a decline of 42% from the average session volume of 119,796 shares. The stock had previously closed at $2.11.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Down 7.7%

The stock’s 50 day moving average is $2.52 and its 200-day moving average is $4.66. The company has a market cap of $1.92 million, a PE ratio of 19.46 and a beta of -0.04.

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.