MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Sees Large Volume Increase – Still a Buy?

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report) saw unusually-high trading volume on Monday . Approximately 9,470 shares traded hands during trading, an increase of 131% from the previous session’s volume of 4,098 shares.The stock last traded at $18.16 and had previously closed at $19.12.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

The stock has a fifty day simple moving average of $19.16 and a 200-day simple moving average of $18.14.

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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