MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Short Interest Up 104.0% in May

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 72,505 shares, an increase of 104.0% from the May 14th total of 35,535 shares. Approximately 7.3% of the shares of the company are sold short. Based on an average daily volume of 248,224 shares, the short-interest ratio is presently 0.3 days.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

MicroSectors Energy -3X Inverse Leveraged ETN stock traded up $0.46 during midday trading on Monday, reaching $5.19. 105,639 shares of the company traded hands, compared to its average volume of 143,405. The firm has a market capitalization of $5.19 million, a price-to-earnings ratio of 19.46 and a beta of -6.36. The business has a 50 day moving average of $4.83 and a two-hundred day moving average of $7.16. MicroSectors Energy -3X Inverse Leveraged ETN has a 12 month low of $3.66 and a 12 month high of $15.35.

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.