MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Short Interest Update

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 90,117 shares, a growth 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 currently 0.9 days.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

NYSEARCA WTID traded down $0.07 on Wednesday, reaching $2.96. The stock had a trading volume of 35,945 shares, compared to its average volume of 121,973. The company has a market cap of $2.96 million, a P/E ratio of 19.46 and a beta of 0.02. The firm has a fifty day moving average of $4.33 and a two-hundred day moving average of $4.91. MicroSectors Energy -3X Inverse Leveraged ETN has a 1-year low of $2.71 and a 1-year 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.