MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Short Interest Down 63.1% in May

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 397,636 shares, a drop of 63.1% from the April 30th total of 1,077,818 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,645,025 shares, the short-interest ratio is currently 0.2 days.

MicroSectors FANG & Innovation 3x Leveraged ETN Stock Performance

Shares of BULZ stock traded up $2.54 on Friday, reaching $53.98. The stock had a trading volume of 1,629,572 shares, compared to its average volume of 2,102,772. The stock has a market cap of $4.59 billion, a P/E ratio of 37.09 and a beta of 4.78. MicroSectors FANG & Innovation 3x Leveraged ETN has a 1 year low of $12.91 and a 1 year high of $54.04. The company has a 50 day simple moving average of $31.79 and a 200 day simple moving average of $27.15.

MicroSectors FANG & Innovation 3x Leveraged ETN Company Profile

The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is an exchange-traded fund that is based on the Solactive FANG Innovation index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology companies. BULZ was launched on Aug 20, 2021 and is issued by REX Microsectors.