Short Interest in MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Increases By 305.6%

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 130,200 shares, an increase of 305.6% from the August 31st total of 32,100 shares. Based on an average daily volume of 187,000 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 187,000 shares, the days-to-cover ratio is presently 0.7 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Down 3.2%

Shares of NYSEARCA:BULZ opened at $266.95 on Friday. The business has a 50 day moving average price of $213.56 and a 200 day moving average price of $160.77. MicroSectors FANG & Innovation 3x Leveraged ETN has a twelve month low of $57.00 and a twelve month high of $279.83. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 37.09 and a beta of 4.41.

About MicroSectors FANG & Innovation 3x Leveraged ETN

The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is an exchange-traded fund that is based on the Solactive FANG Innovation index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology companies. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.