MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Up 2,758.2% in March

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 27,267 shares, an increase of 2,758.2% from the February 26th total of 954 shares. Based on an average daily volume of 5,982 shares, the short-interest ratio is presently 4.6 days. Approximately 136.3% of the shares of the stock are short sold. Approximately 136.3% of the shares of the stock are short sold. Based on an average daily volume of 5,982 shares, the short-interest ratio is presently 4.6 days.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Up 6.1%

FLYD opened at $81.13 on Wednesday. The stock has a market capitalization of $1.62 million, a P/E ratio of 12.79 and a beta of -4.38. The stock has a 50-day moving average price of $71.23 and a 200-day moving average price of $70.53. MicroSectors Travel -3x Inverse Leveraged ETN has a 12-month low of $53.80 and a 12-month high of $334.70.

About MicroSectors Travel -3x Inverse Leveraged ETN

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.