MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Sees Significant Growth in Short Interest

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,206,736 shares, a growth of 377.5% from the May 31st total of 252,719 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 1,221,853 shares, the short-interest ratio is currently 1.0 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Performance

Shares of MicroSectors FANG & Innovation 3x Leveraged ETN stock traded down $1.10 during trading on Friday, reaching $35.01. The company had a trading volume of 1,505,181 shares, compared to its average volume of 1,956,368. MicroSectors FANG & Innovation 3x Leveraged ETN has a fifty-two week low of $14.96 and a fifty-two week high of $56.09. The firm’s fifty day moving average is $40.73 and its 200-day moving average is $29.50. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 37.09 and a beta of 4.92.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is an exchange-traded fund that is based on the Solactive FANG Innovation index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology companies. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.