MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) Short Interest Up 48.4% in August

MicroSectors FANG & Innovation 3x Leveraged ETN (NYSEARCA:BULZ) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,086,523 shares, an increase of 48.4% from the July 30th total of 732,312 shares. Based on an average daily volume of 871,643 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.3% of the shares of the stock are short sold.

MicroSectors FANG & Innovation 3x Leveraged ETN Trading Down 5.2%

Shares of MicroSectors FANG & Innovation 3x Leveraged ETN stock traded down $1.96 during mid-day trading on Tuesday, reaching $35.77. 312,773 shares of the stock were exchanged, compared to its average volume of 1,629,122. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 37.09 and a beta of 4.97. The firm has a 50-day simple moving average of $35.41 and a 200 day simple moving average of $32.51. MicroSectors FANG & Innovation 3x Leveraged ETN has a fifty-two week low of $14.96 and a fifty-two week high of $56.09.

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.