Short Interest in MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Expands By 60.5%

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,430 shares, a growth of 60.5% from the May 14th total of 891 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 1,095 shares, the short-interest ratio is currently 1.3 days.

MicroSectors Travel 3x Leveraged ETN Stock Performance

FLYU opened at $50.34 on Wednesday. The stock has a market capitalization of $8.05 million, a price-to-earnings ratio of 12.08 and a beta of 4.45. The company has a fifty day moving average of $41.93 and a 200 day moving average of $45.54. MicroSectors Travel 3x Leveraged ETN has a fifty-two week low of $29.80 and a fifty-two week high of $63.47.

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.