MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Sees Large Growth in Short Interest

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 3,252 shares, an increase of 112.4% from the September 30th total of 1,531 shares. Based on an average daily trading volume, of 1,301 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.0% of the shares of the stock are sold short.

MicroSectors Travel 3x Leveraged ETN Trading Down 2.8%

Shares of FLYU traded down $1.01 during mid-day trading on Friday, hitting $35.58. 544 shares of the company traded hands, compared to its average volume of 1,827. The stock has a market capitalization of $5.69 million, a price-to-earnings ratio of 12.08 and a beta of 4.40. The business has a 50-day moving average of $37.47 and a 200 day moving average of $42.90. MicroSectors Travel 3x Leveraged ETN has a one year low of $29.80 and a one year high of $61.99.

About MicroSectors Travel 3x Leveraged ETN

(Get Free Report)

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.

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