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

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 72,505 shares, a growth of 104.0% from the May 14th total of 35,535 shares. Based on an average trading volume of 248,224 shares, the days-to-cover ratio is currently 0.3 days. Currently, 7.3% of the shares of the stock are short sold.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Performance

NYSEARCA:WTID traded down $0.14 during mid-day trading on Friday, hitting $4.73. 77,752 shares of the company’s stock traded hands, compared to its average volume of 143,767. The firm’s 50 day simple moving average is $4.83 and its 200 day simple moving average is $7.19. MicroSectors Energy -3X Inverse Leveraged ETN has a 1 year low of $3.66 and a 1 year high of $15.35. The company has a market cap of $4.73 million, a PE ratio of 19.46 and a beta of -6.36.

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.