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

MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report) shares saw an uptick in trading volume on Tuesday . 6,092 shares changed hands during mid-day trading, an increase of 73% from the previous session’s volume of 3,518 shares.The stock last traded at $17.71 and had previously closed at $17.59.

MicroSectors Energy -3X Inverse Leveraged ETN Trading Up 4.3 %

The firm’s 50 day simple moving average is $18.61 and its 200-day simple moving average is $17.97.

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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