MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Stock Price Down 8.6% – Here’s Why

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report)’s stock price was down 8.6% during mid-day trading on Monday . The company traded as low as $17.08 and last traded at $17.08. Approximately 559 shares changed hands during trading, a decline of 50% from the average daily volume of 1,108 shares. The stock had previously closed at $18.68.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Performance

The company’s 50 day simple moving average is $18.59 and its two-hundred day simple moving average is $17.96.

About MicroSectors Energy -3X Inverse Leveraged ETN

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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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