Short Interest in MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Drops By 59.9%

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 378 shares, a drop of 59.9% from the November 30th total of 942 shares. Based on an average daily trading volume, of 510 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 510 shares, the days-to-cover ratio is currently 0.7 days.

MicroSectors Travel 3x Leveraged ETN Price Performance

Shares of FLYU traded down $0.89 during midday trading on Friday, hitting $57.60. 19 shares of the company traded hands, compared to its average volume of 1,842. The firm has a market cap of $9.22 million, a P/E ratio of 12.08 and a beta of 4.85. MicroSectors Travel 3x Leveraged ETN has a one year low of $21.62 and a one year high of $69.90. The stock has a 50-day moving average of $50.63 and a 200-day moving average of $53.33.

About MicroSectors Travel 3x Leveraged ETN

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.