MicroSectors Energy 3X Inverse Leveraged ETNs (WTID)
MicroSectors Energy 3X Inverse Leveraged ETNs operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $3.27, down 1.54% on the session, giving a market capitalisation of $729,612. Its beta of 0.12 implies it has historically moved less than the broad market.
This MicroSectors ETN (WTID) is structured to offer an investment return that is three times the inverse, or opposite, of the daily performance of the Bloomberg WTI Crude Oil Subindex ERSM. This underlying index, in turn, tracks the gains and losses derived from a strategy involving continuously rolling long positions in West Texas Intermediate (WTI) crude oil futures contracts, all of which are traded on prominent U.S. exchanges.
MicroSectors Energy 3X Inverse Leveraged ETNs is most often compared with the following Financial Services names: