MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Up 2,758.2% in March

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 27,267 shares, a growth of 2,758.2% from the February 26th total of 954 shares. Based on an average daily volume of 5,982 shares, the days-to-cover ratio is currently 4.6 days. Currently, 136.3% of the company’s stock are sold short. Currently, 136.3% of the company’s stock are sold short. Based on an average daily volume of 5,982 shares, the days-to-cover ratio is currently 4.6 days.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Up 6.1%

FLYD traded up $4.63 during trading on Tuesday, reaching $81.13. The stock had a trading volume of 2,509 shares, compared to its average volume of 2,070. The company has a market capitalization of $1.62 million, a price-to-earnings ratio of 12.79 and a beta of -4.38. The stock’s 50 day moving average is $70.77 and its two-hundred day moving average is $70.44. MicroSectors Travel -3x Inverse Leveraged ETN has a one year low of $53.80 and a one year high of $334.70.

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.