Short Interest in MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Expands By 60.5%

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 1,430 shares, an increase of 60.5% from the May 14th total of 891 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 1,095 shares, the days-to-cover ratio is presently 1.3 days.

MicroSectors Travel 3x Leveraged ETN Price Performance

NYSEARCA FLYU opened at $47.61 on Thursday. The stock has a 50-day moving average of $42.17 and a two-hundred day moving average of $45.55. The company has a market cap of $7.62 million, a P/E ratio of 12.08 and a beta of 4.45. MicroSectors Travel 3x Leveraged ETN has a 1-year low of $29.80 and a 1-year high of $63.47.

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.