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 increase in short interest in April. As of April 30th, there was short interest totaling 3,768 shares, an increase of 377.0% from the April 15th total of 790 shares. Based on an average trading volume of 3,527 shares, the days-to-cover ratio is currently 1.1 days. Approximately 18.8% of the shares of the stock are short sold.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

Shares of MicroSectors Travel -3x Inverse Leveraged ETN stock traded up $0.20 on Thursday, hitting $64.93. The company’s stock had a trading volume of 856 shares, compared to its average volume of 2,643. The company has a market capitalization of $1.30 million, a price-to-earnings ratio of 12.79 and a beta of -4.03. MicroSectors Travel -3x Inverse Leveraged ETN has a 1 year low of $50.01 and a 1 year high of $116.30. The firm has a fifty day moving average price of $71.42 and a 200-day moving average price of $69.49.

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.