MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Shares Down 8.5% – Here’s Why

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report) was down 8.5% during mid-day trading on Friday . The stock traded as low as $17.91 and last traded at $17.91. Approximately 2,710 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 2,014 shares. The stock had previously closed at $19.57.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Down 8.5 %

The firm has a market cap of $2.87 million, a P/E ratio of 16.23 and a beta of -1.21. The company’s 50 day simple moving average is $18.11 and its 200-day simple moving average is $18.33.

MicroSectors Energy -3X Inverse Leveraged ETN Company Profile

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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.

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