MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Sees Large Decline in Short Interest

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 252,719 shares, a decrease of 36.4% from the May 14th total of 397,636 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,029,646 shares, the short-interest ratio is presently 0.2 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Price Performance

Shares of BULZ stock traded up $0.11 on Wednesday, hitting $41.79. 394,366 shares of the stock traded hands, compared to its average volume of 1,993,422. The company has a market capitalization of $3.55 billion, a PE ratio of 37.09 and a beta of 4.92. MicroSectors FANG & Innovation 3x Leveraged ETN has a 1-year low of $14.87 and a 1-year high of $56.09. The company’s fifty day moving average is $38.15 and its 200 day moving average is $28.84.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is an exchange-traded fund that is based on the Solactive FANG Innovation index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology companies. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.