Short Interest in MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Increases By 84.2%

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 26,605 shares, a growth of 84.2% from the June 15th total of 14,446 shares. Based on an average daily volume of 101,667 shares, the short-interest ratio is currently 0.3 days. Currently, 2.7% of the company’s shares are sold short.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Performance

Shares of WTID stock opened at $4.40 on Friday. MicroSectors Energy -3X Inverse Leveraged ETN has a fifty-two week low of $3.66 and a fifty-two week high of $15.12. The stock has a 50 day simple moving average of $4.98 and a two-hundred day simple moving average of $6.15. The company has a market cap of $4.40 million, a P/E ratio of 19.46 and a beta of -0.10.

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.