MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Sees Significant Increase in Short Interest

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,568 shares, a growth of 127.3% from the August 31st total of 1,130 shares. Based on an average daily volume of 1,163 shares, the short-interest ratio is currently 2.2 days. Currently, 1.6% of the shares of the company are sold short.

MicroSectors Travel 3x Leveraged ETN Trading Up 2.4%

FLYU stock traded up $0.80 during trading on Tuesday, reaching $34.56. The stock had a trading volume of 662 shares, compared to its average volume of 1,880. MicroSectors Travel 3x Leveraged ETN has a 52 week low of $29.80 and a 52 week high of $61.99. The stock’s 50 day moving average is $44.45 and its two-hundred day moving average is $43.21. The firm has a market cap of $5.53 million, a PE ratio of 12.08 and a beta of 4.37.

MicroSectors Travel 3x Leveraged ETN Company Profile

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.