MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Shorted: Short Interest Down 46.7% in September

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,928 shares, a drop of 46.7% from the September 15th total of 3,614 shares. Approximately 9.6% of the company’s shares are sold short. Based on an average trading volume of 1,174 shares, the short-interest ratio is currently 1.6 days.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Up 5.0%

Shares of NYSEARCA FLYD traded up $2.54 during trading on Friday, reaching $53.79. The company had a trading volume of 362 shares, compared to its average volume of 2,163. The stock has a market cap of $1.08 million, a P/E ratio of 12.79 and a beta of -3.97. The company’s fifty day moving average price is $48.95 and its 200-day moving average price is $52.78. MicroSectors Travel -3x Inverse Leveraged ETN has a 12 month low of $37.04 and a 12 month high of $93.01.

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.