Short Interest in MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Grows By 138.7%

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,709 shares, an increase of 138.7% from the February 26th total of 1,135 shares. Based on an average daily trading volume, of 5,135 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.7% of the company’s stock are sold short.

MicroSectors Travel 3x Leveraged ETN Stock Performance

MicroSectors Travel 3x Leveraged ETN stock opened at $35.73 on Thursday. The stock has a market cap of $5.72 million, a PE ratio of 12.08 and a beta of 4.85. The stock has a 50-day moving average of $44.00 and a two-hundred day moving average of $49.97. MicroSectors Travel 3x Leveraged ETN has a one year low of $21.62 and a one year 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.