MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Short Interest Update

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the target of a large 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. Approximately 136.3% of the company’s stock are short sold. Based on an average trading volume of 5,982 shares, the days-to-cover ratio is currently 4.6 days.

MicroSectors Travel -3x Inverse Leveraged ETN Trading Up 3.8%

Shares of NYSEARCA:FLYD traded up $3.01 on Thursday, reaching $82.59. The company had a trading volume of 794 shares, compared to its average volume of 2,029. The firm has a market capitalization of $1.65 million, a PE ratio of 12.79 and a beta of -4.38. MicroSectors Travel -3x Inverse Leveraged ETN has a 52-week low of $53.80 and a 52-week high of $334.70. The firm’s 50 day simple moving average is $71.61 and its 200-day simple moving average is $70.59.

MicroSectors Travel -3x Inverse Leveraged ETN Company Profile

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.