MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Short Interest Up 69.2% in July

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,355 shares, a growth of 69.2% from the July 15th total of 1,392 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 882 shares, the days-to-cover ratio is currently 2.7 days.

MicroSectors Travel 3x Leveraged ETN Trading Down 1.8%

Shares of NYSEARCA FLYU opened at $49.41 on Wednesday. The stock’s 50-day moving average is $49.33 and its 200 day moving average is $43.99. The stock has a market cap of $7.91 million, a price-to-earnings ratio of 12.08 and a beta of 4.39. MicroSectors Travel 3x Leveraged ETN has a 1-year low of $29.80 and a 1-year high of $63.47.

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.