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

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 10,300 shares, an increase of 692.3% from the September 15th total of 1,300 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 3.1 days.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Down 2.5%

MicroSectors Energy -3X Inverse Leveraged ETN stock opened at $13.46 on Friday. MicroSectors Energy -3X Inverse Leveraged ETN has a 52 week low of $10.58 and a 52 week high of $29.43. The business has a 50-day simple moving average of $12.76 and a 200 day simple moving average of $15.33. The stock has a market cap of $2.15 million, a price-to-earnings ratio of 19.46 and a beta of -1.06.

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.