MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Down 32.5% in October

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 5,600 shares, a drop of 32.5% from the September 30th total of 8,300 shares. Based on an average daily volume of 8,500 shares, the short-interest ratio is currently 0.7 days. Approximately 3.1% of the company’s stock are sold short. Approximately 3.1% of the company’s stock are sold short. Based on an average daily volume of 8,500 shares, the short-interest ratio is currently 0.7 days.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Performance

FLYD stock opened at $7.56 on Friday. MicroSectors Travel -3x Inverse Leveraged ETN has a 52-week low of $6.37 and a 52-week high of $33.47. The firm has a market capitalization of $1.36 million, a price-to-earnings ratio of 12.79 and a beta of -4.38. The firm has a 50 day moving average price of $7.11 and a 200-day moving average price of $9.23.

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.