MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Short Interest Up 138.7% in March

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,709 shares, a growth of 138.7% from the February 26th total of 1,135 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 5,135 shares, the short-interest ratio is presently 0.5 days.

MicroSectors Travel 3x Leveraged ETN Stock Performance

Shares of FLYU opened at $35.73 on Thursday. The company’s 50-day simple moving average is $44.00 and its 200-day simple moving average is $49.97. MicroSectors Travel 3x Leveraged ETN has a 1 year low of $21.62 and a 1 year high of $63.47. The stock has a market capitalization of $5.72 million, a PE ratio of 12.08 and a beta of 4.85.

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.