MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTID) Shares Gap Down – Here’s What Happened

Shares of MicroSectors Energy -3X Inverse Leveraged ETN (NYSEARCA:WTIDGet Free Report) 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 changing hands.

MicroSectors Energy -3X Inverse Leveraged ETN Price Performance

The company’s 50 day simple moving average is $19.17 and its 200 day simple moving average is $18.21.

MicroSectors Energy -3X Inverse Leveraged ETN Company Profile

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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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