MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Short Interest Down 64.9% in August

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 826 shares, a decrease of 64.9% from the July 30th total of 2,355 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 750 shares, the short-interest ratio is presently 1.1 days.

MicroSectors Travel 3x Leveraged ETN Price Performance

Shares of MicroSectors Travel 3x Leveraged ETN stock opened at $47.00 on Friday. The company’s 50 day moving average price is $49.67 and its two-hundred day moving average price is $44.05. The firm has a market capitalization of $7.52 million, a P/E ratio of 12.08 and a beta of 4.39. MicroSectors Travel 3x Leveraged ETN has a fifty-two week low of $29.80 and a fifty-two week high of $62.03.

About MicroSectors Travel 3x Leveraged ETN

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.