MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Shares Gap Down – Time to Sell?

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $17.18, but opened at $16.50. MicroSectors Energy -3X Inverse Leveraged ETN shares last traded at $16.05, with a volume of 1,756 shares trading hands.

MicroSectors Energy -3X Inverse Leveraged ETN Stock Down 7.4 %

The stock has a 50 day moving average of $19.17 and a two-hundred day moving average of $18.21.

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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