MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Up 62.7% in September

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 8,300 shares, an increase of 62.7% from the September 15th total of 5,100 shares. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is presently 1.2 days.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

Shares of FLYD opened at $7.28 on Friday. The stock has a 50-day moving average of $7.07 and a two-hundred day moving average of $10.01. MicroSectors Travel -3x Inverse Leveraged ETN has a one year low of $6.37 and a one year high of $33.47. The stock has a market cap of $1.31 million, a P/E ratio of 12.79 and a beta of -5.31.

MicroSectors Travel -3x Inverse Leveraged ETN Company Profile

The MicroSectors Travel -3x Inverse Leveraged ETN (FLYD) is an exchange-traded fund that is based on the MerQube MicroSectors U.S. Travel index. The fund tracks -3x the daily price movements of a liquidity-weighted index of US-listed travel-related companies. FLYD was launched on Jun 24, 2022 and is issued by REX Microsectors.