MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Up 22.7% in January

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 8,359 shares, an increase of 22.7% from the December 31st total of 6,810 shares. Currently, 4.6% of the company’s stock are short sold. Based on an average daily volume of 6,814 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 6,814 shares, the days-to-cover ratio is presently 1.2 days. Currently, 4.6% of the company’s stock are short sold.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA FLYD opened at $6.81 on Wednesday. The firm’s 50 day moving average price is $6.35 and its 200-day moving average price is $7.03. MicroSectors Travel -3x Inverse Leveraged ETN has a 52-week low of $5.38 and a 52-week high of $33.47. The company has a market cap of $1.23 million, a PE ratio of 12.79 and a beta of -4.38.

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.