MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Short Interest Up 455.5% in March

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 15,049 shares, a growth of 455.5% from the March 15th total of 2,709 shares. Approximately 9.4% of the company’s stock are short sold. Based on an average daily volume of 5,349 shares, the days-to-cover ratio is currently 2.8 days.

MicroSectors Travel 3x Leveraged ETN Price Performance

MicroSectors Travel 3x Leveraged ETN stock traded down $0.75 during trading hours on Friday, reaching $37.81. The stock had a trading volume of 407 shares, compared to its average volume of 2,940. MicroSectors Travel 3x Leveraged ETN has a 52 week low of $23.81 and a 52 week high of $63.47. The company has a market cap of $6.05 million, a price-to-earnings ratio of 12.08 and a beta of 4.77. The business’s 50 day moving average price is $39.99 and its 200-day moving average price is $48.04.

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.