MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Sees Large Increase in Short Interest

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 2,709 shares, a growth of 138.7% from the February 26th total of 1,135 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 5,135 shares, the days-to-cover ratio is currently 0.5 days.

MicroSectors Travel 3x Leveraged ETN Trading Down 10.0%

Shares of FLYU opened at $30.80 on Friday. The company has a market cap of $4.93 million, a price-to-earnings ratio of 12.08 and a beta of 4.85. The business’s fifty day simple moving average is $43.08 and its two-hundred day simple moving average is $49.65. MicroSectors Travel 3x Leveraged ETN has a 12 month low of $21.62 and a 12 month high of $63.47.

MicroSectors Travel 3x Leveraged ETN Company Profile

The MicroSectors Travel 3x Leveraged ETN (FLYU) 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. FLYU was launched on Jun 24, 2022 and is issued by REX Microsectors.