MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Trading Up 6.4% – Still a Buy?

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report)’s share price shot up 6.4% during mid-day trading on Wednesday . The company traded as high as $17.50 and last traded at $17.50. 247 shares were traded during mid-day trading, a decline of 80% from the average session volume of 1,237 shares. The stock had previously closed at $16.45.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

The stock’s 50-day moving average price is $17.14 and its 200-day moving average price is $17.20.

MicroSectors Energy -3X Inverse Leveraged ETN Company Profile

(Get Free Report)

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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