MicroSectors Energy 3X Inverse Leveraged ETNs
WTID
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 119 St Jacques St Montreal QC Canada H2Y 1L6
- IPO Date
- Feb 15, 2023
- CIK
- 0000927971
- Website
- microsectors.com
- Similar Companies
- Business
- MicroSectors Energy 3X Inverse Leveraged ETNs (WTID) is an exchange-traded note issued by Bank of Montreal that provides three times the inverse daily performance of the MicroSectors Oil & Gas Exp. & Prod. Index, enabling investors to gain leveraged short exposure to U.S. oil and gas exploration and production companies. The ETN offers a single core product focused on leveraged inverse tracking of the index, which comprises large-cap domestic oil and gas firms; it does not provide additional services such as options trading, physical commodities, or unleveraged variants under the WTID ticker. Headquartered in New York with operations managed through Bank of Montreal's U.S. entities, the product launched in 2018 as part of the broader MicroSectors suite targeting commodity and sector-specific leveraged strategies for sophisticated investors in the energy sector. The ETN operates primarily in the U.S. financial markets, listed on the NYSE Arca exchange and targeted at institutional and retail traders seeking tactical short positions amid oil price volatility; it reflects no direct parent-subsidiary relationships beyond issuer oversight by Bank of Montreal. In recent developments, the MicroSectors Energy product line saw no major funding rounds, acquisitions, or name changes within the last two years, though the broader energy ETN suite benefited from heightened trading volumes during 2024-2025 oil market fluctuations driven by geopolitical tensions and U.S. production expansions. No significant strategic alliances, new launches, or reorganizations specific to WTID were announced, maintaining its focus on daily reset leveraged inverse performance without principal protection.