MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Sees Significant Decrease in Short Interest

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 452 shares, a decrease of 68.4% from the May 31st total of 1,430 shares. Based on an average daily volume of 1,747 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

MicroSectors Travel 3x Leveraged ETN Trading Up 5.1%

Shares of FLYU stock traded up $2.63 during trading hours on Friday, hitting $54.16. The company’s stock had a trading volume of 1,245 shares, compared to its average volume of 2,418. The business has a fifty day moving average of $43.73 and a 200-day moving average of $45.63. MicroSectors Travel 3x Leveraged ETN has a twelve month low of $29.80 and a twelve month high of $63.47. The stock has a market cap of $8.67 million, a price-to-earnings ratio of 12.08 and a beta of 4.45.

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.