MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Update

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 6,224 shares, a drop of 24.5% from the November 30th total of 8,248 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 4,280 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 4,280 shares, the short-interest ratio is presently 1.5 days. Approximately 3.5% of the company’s stock are sold short.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

Shares of NYSEARCA:FLYD traded down $0.01 during midday trading on Tuesday, reaching $6.09. 3,191 shares of the company’s stock traded hands, compared to its average volume of 7,765. MicroSectors Travel -3x Inverse Leveraged ETN has a one year low of $5.70 and a one year high of $33.47. The company has a market cap of $1.10 million, a price-to-earnings ratio of 12.79 and a beta of -4.38. The stock has a 50 day moving average of $7.14 and a 200 day moving average of $7.46.

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.